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Showing 221 - 230 of 4150 results for "Action"

ASIC to review RG97 to boost property supply

JAMIE WILLIAMSON  |  WEDNESDAY, 13 AUG 2025
ASIC is reviewing the need for superannuation funds to include stamp duty payments in fee disclosures in a bid to boost their investment in property. Super funds have long held concerns that obligations under Regulatory Guide 97: Disclosing fees and ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... advice. CBA said the group is still defending two superannuation class actions brought against it. The first is a class action filed against Colonial First State Investments (CFSIL) in October 2018. The claim initially related to investments in cash ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... to replace, override or vary obligations under existing law." While the government will not impose additional compliance action associated with trustees' adherence to the principles, trustees are nevertheless responsible to their members and should ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... costs was reflective of "the further mobilisation of our response to class actions." It is currently defending a class action in relation to superannuation administration fees. George said AMP "will continue to fight that hard", noting it returns to ...

ASIC says Cboe listing will 'foster competition'

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
ASIC has confirmed it is in the final stages of considering a listing market application from Cboe Australia, a subsidiary of Cboe Global Markets (Cboe). ASIC said the move would foster competition and innovation, creating more opportunities for companies ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... Solutions, the WEIF's authorised corporate director, including after Link raised concerns about the fund's liquidity. Action taken against Link involved securing a £230 million ($472.3m) redress scheme for those investors stuck in the fund when ...

PC recommends switch to digital financial reporting

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
An interim report from the Productivity Commission (PC) has recommended Australian companies switch to digital financial reporting to allow for data to be better extracted. The report looked at how Australia can better harness the data contained in ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... giving confidence to policyholders that their insurers can fulfil their obligations. "APRA will continue to take suitable action if insurers fail to meet its expectations." In response, KeyInvest chief executive Craig Brooke said the firm has been working ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... power to exercise these options is discretionary. Nothing in section 1069H requires the minister to take any particular action in response to a notification that a sub-sector cap has been exceeded; there is no timeframe for the minister to make a determination ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... and its board substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by ...