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Showing 281 - 290 of 4158 results for "Conduct"

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... requirements," ASIC said. "This no-action position does not prevent third parties from taking legal action in relation to the conduct." The regulator also clarified that a no-action is not a legal opinion, but an expression of regulatory intent that ...

HESTA moves risk chief to advisory role

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025
HESTA chief risk officer Andrew Major has moved into a newly created advisory role to work with the fund's investment leadership on strategy. The transition represents a natural evolution for Major, who before joining HESTA's risk division in ...

Private credit market has lenders sweating

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
... regulation, while more than two-in-three respondents said they had a level of concern about the size of the market and its conduct. The top issues raised by 69% of the total lending pool surveyed include pushy practices, inexperienced operators, and ...

Alternatives high on the radar to escape Trump's tariffs: Fidante

MATTHEW WAI  |  THURSDAY, 5 JUN 2025
Financial advisers are increasingly searching for alternative sources to capture alpha amid ongoing market volatility. Surveying 174 financial advisers, Findante found that four in 10 advisers are now bearish on both US equities and Australian equities ...

Stakeholders ask ASIC for tougher private markets regulation

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
... retail private markets, aiming to better understand current disclosure, distribution, conflicts of interest, valuation, conduct practices and use of ratings. "This will be supplemented by insights from industry experts to inform the actions the agency ...

Greenwashing remains an enforcement priority: ASIC

MICHELLE BALTAZAR  |  THURSDAY, 29 MAY 2025
... stressing that greenwashing is a breach of long-standing and very well-established legal obligations. Misleading and deceptive conduct by corporates, whether it's to do with sustainability or other business activities, will be pro-actively monitored ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... found that Count did not have widespread significant failings in its advice business relating to "fees for no service" conduct. However, Justice Halley acknowledged commissions were paid in exchange for advice given in connection with the acquisition ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... instead lost thousands of dollars." Meantime, Maurice Blackburn's national head of class actions Rebecca Gilsenan said the conduct represents a serious failure of duty, transparency and fairness. "The class action alleges that AMP superannuation trustees ...

Cost-of-living, unaffordable advice fuels financial stress: Surveys

KARREN VERGARA  |  MONDAY, 26 MAY 2025
Even with more potential interest rate cuts in the works, Australians feel as though their financial situation is in dire straits as many struggle with the cost-of-living crisis and do not know the best place to seek financial advice, new surveys reveal. ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... when interacting with consumers were inadequate. ASIC deputy chair Sarah Court said AFS licensees are responsible for the conduct of their representatives and must have adequate supervision arrangements in place. "As a result of our investigation we ...