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Showing 211 - 220 of 4150 results for "Action"

CBA appoints head of Australian economics

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Commonwealth Bank (CBA) has announced Belinda Allen will take on the role of head of Australian economics after Gareth Aird left the bank in July. Allen will be responsible for developing the bank's Australian economic forecasts, views on the Reserve ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... save for their retirement. We expect them to do so with care and skill and put the interests of their members first. "This action should send a clear message to superannuation trustees: proper due diligence is needed when offering investment options ...

Binance under microscope over loose controls

MATTHEW WAI  |  MONDAY, 25 AUG 2025
... National Risk Assessment 2024 highlighted the increasing vulnerability of digital currencies to criminal abuse and the action against Binance remains appropriate under the regulation. "AUSTRAC is committed to working with industry to ensure strong safeguards ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... investors. We will continue to act in your best interests through this difficult situation and will take all necessary action to maximise your returns," Cache said.

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... on APRA's enforcement agenda over the next four years, but in the short term the regulator warned it will escalate action where necessary if they cannot prove to have basic measures in place. The prudential regulator is leaning into trustees' ...

Chalmers confirms super performance test changes are coming

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... member returns and that impacts productivity. "We are delighted the government has heard our key message and is taking action." ASFA said, in the past seven years, compliance and risk management costs for APRA-regulated funds have almost doubled - from ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... Anderson explained. "Thus, the removal of the anti-hawking exemption for financial advisers is not a good solution, however action to address inappropriate cold calling should be considered. "That would be a better solution to this problem and would ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... identified above will inform ASIC's response if we identify conduct of concern, commence investigations or take enforcement action." "While life insurance can provide valuable benefits to consumers, it is typically a complex and costly product, so ...

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
The ASX recorded $1.12 billion in operating revenue in the 12 months to 30 June 2025, a 7.3% surge from the previous corresponding period. Underlying net profit after tax (NPAT) grew 7.5% to $510 million, while statutory NPAT recorded a lower growth ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... adequate systems in place to manage and monitor critical issues like this." In a statement, Mercer Super acknowledged the action. "We have cooperated with ASIC during the investigation of this matter and are currently reviewing the claim," it said. "We ...