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Showing 2021 - 2030 of 3919 results for "law"

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
IMF Bentham today announced it will formally fund an open class action against the Commonwealth Bank relating to alleged breaches of anti-money laundering and counter terrorism financing laws. The class action will consist of shareholders who purchased ...

Hedge fund takes over Slater and Gordon

ALEX BURKE  |  MONDAY, 4 SEP 2017
Hot on the heels of reporting a $546 million loss for the 2017 financial year, listed law firm Slater and Gordon is set to be taken over by a consortium of hedge funds. The consortium, led by Anchorage Capital, have committed to lending a further $50 ...

ASIC targets retirement products and services

KARREN VERGARA  |  MONDAY, 4 SEP 2017
... using life insurance policies, remuneration, lapse rates and clawbacks. ASIC's industry funding model, which was passed into law on 15 June, will begin issuing its first invoices in January 2019. "Significantly, the introduction of an industry funding ...

Implemented Portfolios hires for national expansion

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
An individually managed account provider is growing, appointing an assistant portfolio manager and establishing a presence in Western Australia. Implemented Portfolios has recruited Mason Stevens SMA manager Emery Wong to the role of assistant portfolio ...

Labor, FSU call for Royal Commission

KARREN VERGARA  |  TUESDAY, 29 AUG 2017
APRA's inquiry into the Commonwealth Bank reinforces an urgent need for a banking Royal Commission, according to Labor and the Finance Sector Union of Australia. If there are doubts about the need for a Royal Commission a year ago, there can be no doubts ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...

Insto exodus fuelling HUB24 growth

ALEX BURKE  |  MONDAY, 28 AUG 2017
The number of advisers choosing to become self-licensed or moving away from institutionally-aligned dealer groups has fuelled HUB24's growth over the 2017 financial year, contributing to the company's first full-year profit. HUB24 revealed a $3.9 million ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... Collective Investment Vehicle (CCIV) regime. The exposure draft legislation for the Asia Region Funds Passport explains the new law will allow Australia, which has the largest funds management industry in the Asia-Pacific region, to export its management ...

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
The Commonwealth Bank is potentially facing the largest shareholder class action in Australian history, according to Maurice Blackburn Lawyers. In a statement, Maurice Blackburn said it was partnering with litigation funder IMF Bentham to open registrations ...

New ethical advice certification will drive consumer trust

JAMIE WILLIAMSON AND DARREN SNYDER  |  FRIDAY, 18 AUG 2017
... genuine professional status and financial independence. "The fact that the standard is well above the minimum level of the law is an important signal that professionals worthy of that title must strive for the highest ethical standards, not merely begrudgingly ...