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Showing 281 - 290 of 2037 results for "Application"

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... announced in the 2023-24 Budget. The bill contains amendments to the Income Tax Assessment Act 1997 which limits the application of the non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current law, the non-arm's length expense (NALE) ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... have made an active decision about how to invest their retirement savings," AMP said in a statement. AMP sees the application of a one-size-fits-all testing methodology to superannuation wrap investment options will undermine the ability for consumers ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... ETFs from asset managers Valkyrie and Kryptoin. Previously, the regulator also rejected a Cboe BZX Exchange's application for a VanEck spot bitcoin ETF. The creation of the iShares Bitcoin Trust comes amid a period of extreme volatility for many ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... leave or attempt to leave Australia. Interim travel restraint orders were made on June 11 following the regulator's application. The orders, made on an ex parte basis without Ridgway's presence, require him to deliver his passport to the Brisbane Registry ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... underpaid nearly 16,000 employees between May 2014 and March 2022. The issue stemmed from the bank's inconsistent application of the 'Rostered Employee' clause in its Enterprise Agreements. The blunder affected both current and former employees in Suncorp's ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... processing technology. Fourth Line chief executive Joel Ronchi said that the acquisition includes a suite of micro-application software specific to advice assurance, AI code, integration tools, and rules-based algorithms. Regtech TIQK went into liquidation ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... borrowers were sticking to variable rates throughout the year. This trend continued in May. "Mortgage Choice home loan application data shows that over the month, 93% of borrowers chose variable rate home loan products, compared to just 7% who fixed ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
Brisbane-based financial adviser Stephen Vick received the ban for recommending his clients roll over their existing superannuation to a newly established self-managed superannuation fund (SMSF) and borrow to invest in residential property. The regulator's ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
... like 'carbon neutral', 'clean' or 'green', that aren't founded on reasonable grounds"; "overstatement or inconsistent application of sustainability-related investment screens"; and "the use of inaccurate labelling or vague terms in sustainability-related ...

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... Currently, it maxes out at 10 million trades per day. ASIC pointed out that CHESS requires further stakeholder testing and application or infrastructure changes before it is fully replaced. "As CHESS is a legacy technology there is a risk that some IT ...