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Showing 261 - 270 of 6142 results for "Money"

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers. ASIC believes that about 600 retail investors have invested ...

TAL scores new super fund mandate

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025
TAL has won another group insurance mandate, replacing Zurich Australia. The insurance cover for Virgin Money Super members will now be provided by TAL. The fund, which is part of the Mercer Super Trust, said it regularly reviews its insurance arrangements ...

Msquared Capital secures $150m warehouse facility with Australian bank

ANDREW MCKEAN  |  FRIDAY, 13 JUN 2025
... immediate liquidity within the fund," he said. The warehouse facility is particularly comforting in the event of a run on money due to a increase demand of liquidity, he added, as it allows the warehouse to novate a loan directly from the pool into funds ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... family and friends 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 ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... doesn't equal credibility. Check their credentials and whether they're licensed or authorised, before checking your money out," ASIC commissioner Alan Kirkland said. "We are seeing a pattern where these unlicensed finfluencers invite consumers to ...

Inheritance dissatisfaction an advice opportunity: Report

MATTHEW WAI  |  THURSDAY, 12 JUN 2025
... Asia Pacific, and the US to explore the use of inheritances and succession planning. The research highlights that inherited money often sits dormant or underutilised. On average, only 22% of inherited capital is invested in mutual funds and 11% in a ...

Telegram pump and dump schemers plead guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUN 2025
... about 17 September 2021 and about 22 September 2021. Stuart and Summer each pleaded guilty to one count of dealing with money or other property that they knew to be proceeds of crime to the value of $10,000 or more. Meanwhile, Quinlan and Yusuf each ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... is also known as an ancillary fund under tax law and is a trust set up and maintained solely for the purpose of providing money, property or benefits to deductible gift recipients (DGRs). Two types exist: private giving funds (PGFs) and public giving ...

Syfe plots major Australian expansion

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... more Australians to be in control of their wealth and future, and this raise will help us deliver on that promise." The money raised was part of the company's Series C round, which has so far hit $123 million (US$80m).

Islamic finance industry association established

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
... members of the association are Salaam, Islamic Co-operative Finance Australia, Ijarah Finance, Benchmark Capital, Islamic Money Australia, and Awqaf Australia. The group said it will be initially focused on: advocating for stamp duty and taxation changes ...