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Showing 241 - 250 of 6194 results for "Statement"

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... support the inquiry taking place. "However, it was effectively terminated as a result of the election," Anderson said in a statement to Financial Standard, adding that "we will need to wait for the parliament to return to re-instate the Senate inquiry." ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
The Australia Securities and Investments Commission (ASIC) has made an order to permanently ban former Western Australia based financial adviser Neville Kendrick. Kendrick has been banned from providing any financial services, performing any function ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
Defunct advice firm Equiti Financial Services, since renamed DOD Bookkeeping, which has been placed into liquidation, has been slammed with an $11.03 million penalty for providing "cookie cutter" advice and breaching conflicted remuneration laws. Equiti ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
... Women, launched yesterday by Labor senator Katy Gallagher and minister for social services Amanda Rishworth. In a joint statement, the ministers said the government's plan places a new focus on ending financial abuse - "a fast growing and insidious form ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
The Shield Master Fund (SMF) has been terminated while its responsible entity Keystone Asset Management (KAM) has been appointed a new receiver and administrator. The troubled SMF was terminated on April 10 after the new receiver, Alvarez & Marsal ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... "ambitious target" to rebuild the advice industry to 30,000 advisers. The numerical target would also be embedded in ASIC's Statement of Expectations and would serve as a guiding principle, ensuring financial advice regulation must be focused on reducing ...

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
... functions, information security, records and data management, risk and compliance, IT services, and people and culture. In a statement to Financial Standard, GESB said the creation of the new executive roles supports changes to internal business unit ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
The corporate regulator plans to introduce two interactive dashboards that would track firm-level reportable situations and internal dispute resolution (IDR) data to push financial firms to lift their game. ASIC is consulting on plans to publish dashboards ...

AIOFP partners with fintech firm to offer white-labelled digital advice

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... comprehensive advice, including non-advised clients with low balances, insurance-only clients, and millennials. In a statement, the fintech said its solution will allow for AIOFP member AFSLs to offer a fully white-labelled digital solution, customised ...

PM Capital hits back at Platinum after offer rejected

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... opportunity to remain exposed to a global value-style investment within a listed investment vehicle," PGF said in a statement. "Additionally, we note that under the PGF proposals, PMC and PAI shareholders would not have incurred any transaction costs ...