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Showing 2041 - 2050 of 3919 results for "law"

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
The Labor government's proposed crackdown on discretionary trusts is "short-sighted" and "anti-family" given the broader tax system isn't operating on a level playing field, an industry expert says. In response to Opposition Leader Bill Shorten proposing ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... file audit process as 'deficient'. In the EU documents the regulator said FIA had failed to comply with financial services law by failing to take reasonable steps to ensure its representatives comply with financial services law; failed to take reasonable ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
The Australian Council of Superannuation Investors is urging the Federal Government to introduce laws requiring companies to report on the steps they are taking to ensure supply chains are free of slavery. This, according to ACSI, will enable increased ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... industry is predicted to prove a hotspot for M&A activity over the next 12 months, particularly around demergers. Commercial law firm Minter Ellison singled out the sector as one of five industries ripe for mergers and acquisitions, driven by a resurgence ...

No age limit on great advice

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2017
ANZ Wealth is encouraging financial advisers of all ages to apply for the AFA Rising Star Award, saying there is a misbelief that it only seeks to recognise young advisers. Speaking to Financial Standard, ANZ Wealth head of sales Don Sillar said there ...

The challenges of modern estate planning

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... claimant, he added, will play an increasing role in family court disputes given Australia's ageing population. Tsovolos noted the law also now stipulates that estates can "claw back" assets in cases where, in the three years preceding the client's death ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
The Federal Government is powering ahead with further changes to Australia's $2 trillion superannuation system, garnering support from across the industry. The latest proposals will see the prudential regulator (APRA) be responsible for making it easier ...

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... Services Kelly O'Dwyer said. The Taskforce also considers that this reform would: Reflect ASIC's current status as a criminal law enforcement agency; Enhance ASIC's ability to successfully investigate and prosecute serious offences; Allow ASIC and other ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
... recovery framework. The graduated levy for licensees comes off the back of the ASIC Supervisory Cost Recovery Levy Bill, a law which enabled the regulator to recoup costs from the industries it supervises. As of April 2015, about 22,000 financial advisers ...