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Showing 261 - 270 of 899 results for "Compensation"

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... class actions as managed investment schemes. At the time, Class Actions Australia said the regulations could prevent compensation payouts to Australians that were cheated by big banks.

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... respectively. Several SIT investors took to the Australian Financial Complaints Authority in the hope of receiving compensation, but Theta was already in the process of folding, having appointed Worrells Solvency and Forensic Accountants as its administrator. ...

AFCA welcomes new chair

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... promote best practice." Under Coonan's tenure, AFCA received over 188,000 disputes with over $522 million being paid in compensation to consumers and small business owners.

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... terms and conditions for members too. From 1 July members on an income protection payment who are also on a workers compensation benefit at the same time will have their income protection payment reduced by any workers compensation benefit that is paid ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... firms said in a joint statement. "Remediation amounts will not be known until individual cases have been reviewed and compensation offers made." Count Financial is facing a class action for commissions paid to its financial advisers from 21 August 2014 ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... as bank term deposits and invested in them through their SMSFs. Investors in these products are yet to receive any compensation as Grant Thornton continues to work to liquidate funds.

Regulator frets over SPAC boom

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
... director for the division of corporate finance John Coates said there are concerns around fees, conflicts, sponsor compensation, celebrity sponsorship and retail investors being drawn to SPACs by "baseless" hype. He said due to the sheer amount of capital ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
... immediately. At its annual general meeting on April 30 Credit Suisse will propose a revised dividend and amended compensation report, with the executive team having waived its bonuses for the 2020 financial year. Credit Suisse has launched an investigation ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. "AFCA should provide quicker access to justice but if the relevant licensees have ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... will be given due credit for any cooperation received...ASIC will not provide immunity from any administrative or compensation actions. Any cooperation provided by an individual will be considered in determining whether to take administrative action ...