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Showing 281 - 290 of 4153 results for "Action"

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
The Australian Securities and Investments Commission (ASIC) has filed legal proceedings against Resimac, which manages non-bank loans provided by Perpetual Trustees, for failing to provide appropriate care in responding to hardship applications. Resimac ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
The Australian Financial Complaints Authority (AFCA) is opening public consultation on a string of governance changes, with a key focus on expanding its jurisdiction to include receiving banks in scam complaints. Following an engagement with an external ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... financial harm," Court said. "This sentence demonstrates the seriousness of the misconduct. ASIC will continue to take action to protect the superannuation assets of consumers."

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... a $75,120 infringement notice over alleged failures to submit suspicious matter reports (SMRs) to AUSTRAC on time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes required by the Anti-Money Laundering and ...

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... according to the allegations made. It's been reported that IFM Investors, which owns 25% of APAC, is leading the legal action against Dexus with the backing of other APAC shareholders, including the Future Fund, NSW TCorp, and Morrison-managed Utilities ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... Meanwhile, Heffron managing director Meg Heffron said while for some a "don't act now" approach would be the best course of action - there is one group of SMSF members facing a difficult choice. "Division 296 tax depends heavily on how a member's 'total ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members to MySuper products. The case was brought by Maurice Blackburn ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... that "investors expect reliable information" to analyse market movements and make informed investment decisions. "This action is timely given significant recent global market volatility. Macquarie Securities repeated systemic failure to detect and resolve ...

AMP, intelliflo introduce dashboard enhancements for advisers

MATTHEW WAI  |  TUESDAY, 13 MAY 2025
... FileNote assistant in March, AMP has brought a newly-enhanced Actively Management Dashboard to streamline management and action client requests on the wrap investment platform North. The dashboard is a centralised tool that enables advice practices to ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... the Association of Superannuation Funds of Australia outlined three key areas in which it would like to see Mulino take action. These were improving retirement outcomes through quality advice, implementing Payday Super without delay, and working with ...