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Showing 231 - 240 of 4001 results for "Accounts"

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... to a cryptocurrency-based investment scam. Between March 2022 and June 2023, she allegedly transferred the money into accounts held in her name and that of her personal company before converting it into cryptocurrency and transferring it to various wallets ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... contacted several finfluencers with more than one million followers to request they remove posts from their social media accounts. Meanwhile, Canada's BC Securities Commission issued 74 letters to YouTubers and others from around the world who promoted ...

Government to convene a productivity roundtable

ANDREW MCKEAN  |  WEDNESDAY, 11 JUN 2025
... for far too long and welcomed the comments by the Prime Minister about making it a priority. "As the latest national accounts figures show poor productivity rates persist, and on an annual basis is actually going backwards. The latest quarterly data ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
The super funds that saw member accounts breached by cybercriminals in April have been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. ...

Private credit market has lenders sweating

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
... according to ASIC. Stamford Capital managing director Peter O'Connor said private credit has dominated market activity and accounts for around 17% of Australia's commercial real estate debt. "We've seen a similar shift in our loan book. Five years ago ...

Quality over quantity: CareSuper on mergers

JAMIE WILLIAMSON  |  THURSDAY, 29 MAY 2025
... $1.1 billion and as a closed fund catering to a shrinking industry, MIESF has recently struggled with declining member accounts and cash flows, made worse by the COVID-19 pandemic. In March, CareSuper and MIESF confirmed the merger would go ahead, citing ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... 2019. The platform collapsed in December 2019 when customers were unable to withdraw funds or cryptocurrency from their accounts - the liquidator, appointed on 11 February 2022, estimated the company owes close $60 million, about $20 million of which ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... up earlier this year after AustralianSuper was hit with a $27 million fine for dragging its feet on merging multiple accounts for members. At the time, ASIC was entitled to seek a significantly higher penalty of $140 million. ASIC later told the Senate ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... court, with a seven-week trial commencing today. Their case claims more than 2.5 million Australians with superannuation accounts with AMP were systematically overcharged between 2008 and 2020 - "especially those in uncompetitive, high fee products ...

Age-based super strategies could add thousands to retirement savings

ANDREW MCKEAN  |  THURSDAY, 22 MAY 2025
... industry's MySuper options, using Chant West data, over the five years to March 2025. It calculated that 14.5 million MySuper accounts would've achieved an average retirement savings uplift of 6.6% over the period if their investments had been aligned ...