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Showing 2951 - 2960 of 10713 results for "May 19"

Receivers appointed to Mayfair 101 entity

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
Receivers have been appointed to Mayfair 101's IPO Wealth, with Mayfair slamming the decision by the trustee and claiming this won't harm its Dunk Island development. Vasco Trustees Limited, the trustee of IPO Wealth, advised that on 22 May  ...

Super fund to remediate members

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
An industry superannuation fund is remediating some members after identifying performance discrepancies in its cash and Australian bonds holdings. REI Super said the average estimated credit is less than $60 per member, and the effect of remediation ...

Equities attractive in search for yield: Zenith

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
Australian equities have not been immune to the effects of COVID-19, with company earnings taking a material hit, despite the equity market rallying from its lows in mid to late March, according to Zenith Investment Partners. Zenith said a flow on effect ...

Government offers guidance provision relief

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
Company directors will not be liable for missing financial guidance targets for the next six months, after the government temporarily amended continuous disclosure provisions to help firms through COVID-19. The amendments, introduced today, ensure companies ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19. The IAG & NRMA Superannuation Plan in February 2019 announced plans ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
It was a magnificent Monday, 25 May 2020, for Japan for on this day Prime Minister Shinzo Abe declared the country's state of emergency over. We salute you our Japanese brothers and sisters, for Japan has flattened its coronavirus curve despite ...

FASEA unclear why advisers are quitting

ELIZABETH MCARTHUR  |  MONDAY, 25 MAY 2020
FASEA chief executive Stephen Glenfield has said it is outside the authority's remit to look into why financial advisers are exiting the industry in droves. Rainmaker analysis of the ASIC Financial Adviser Register indicates that the register has ...