Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2901 - 2910 of 3921 results for "law"

QLD adviser cops five year ban

LINDA HAUSKEN  |  TUESDAY, 21 AUG 2012
ASIC has banned Brisbane adviser Janeece Norma Giraldo from providing financial services for five years after she failed to comply with a number of Australian financial laws. Giraldo has been a director of WIN Financial Network since 1993. She was also ...

ASIC issues crowd funding guidance

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
... regulator wants to ensure anyone involved in crowd funding is aware of these obligations to ensure they operate within the law and don't potentially expose themselves to penalties under the two Acts. In addition, as a result of its current monitoring ...

Storm's victims counselled against settlement

BEN COLLINS  |  WEDNESDAY, 15 AUG 2012
Stewart Levitt, the lawyer representing victims of the failed Storm Financial Group has advised clients not to accept an out-of-court settlement, should one be offered. Levitt advised his clients not to support any move by the Australian Securities ...

Mariners bid underdone

BEN COLLINS  |  TUESDAY, 14 AUG 2012
... arrangements. Olney-Fraser said that Mariner did have sufficient funding arrangements, and said his deal complied with Corporations Law. He also said Mariner planned to work with Morgan Stanly subsidiary Arena Investment Management to offload Austock's ...

All advice scaled in proposed ASIC guidance

MELANIE TIMBRELL  |  FRIDAY, 10 AUG 2012
... area found it is possible to provide less complex advice in a way that is consistent with the best interests duty and the law generally. The guidance does however concede that "in some cases, it will be difficult for you to demonstrate that you have ...

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
... Government in recommending default super funds in modern awards could lead to worker legal action against the Commonwealth. The Law Council of Australia issued the warning at public hearings held by the Productivity Commission (PC) last week. Minter ...

Insurance cover launched for SMSFs

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
... are incorrectly insuring their assets. "For example, insuring new artwork under their own Home & Contents insurance, when by law, they are required to be insured in the name of the fund or getting basic insurance for their investment property but neglecting ...

CGT relief for super funds backdated

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
Financial Services and Superannuation Minister, Bill Shorten, has released exposure draft legislation on income tax relief for merging superannuation funds for public comment. The draft legislation takes into account several of the issues raised by ...

A question of survival

BEN COLLINS  |  FRIDAY, 3 AUG 2012
Lawmakers have stepped up and have responded to the history of product flogging in wealth management, leading to an inflection point where the only fund managers that will survive are those willing to reinvent their business. Fund managers will either ...

MySuper outside government scope

BEN COLLINS  |  FRIDAY, 3 AUG 2012
In implementing MySuper, the government is taking on a new role outside its current remit, said Maged Girgis, partner, Minter Ellison Lawyers. The criteria for inclusion on the list of default funds means that the government is undertaking a commercial ...