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Showing 11 - 20 of 312 results for "AFCA"

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... against a former client and victim of the First Guardian Master Fund collapse for an Australian Financial Complaints Authority (AFCA) determination it is vehemently contesting. The new proceeding comes off the back of InterPrac's lawsuit against ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... creditors, including its liabilities in relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. Sequoia previously assured shareholders ASIC's ...

Rest faces scrutiny over alleged super reporting error

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... responsibility for superannuation member complaints sits with ASIC, APRA and the Australian Financial Complaints Authority (AFCA). The ATO declined to comment on the specific case due to taxpayer confidentiality obligations. The case also highlights ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... sector on a more "even basis". While 63% want to cap the total amount paid by the advice sector and 74% are calling to change AFCA rules to better allow investors to make complaints against the management of MISs and superfunds as a whole, the survey ...

TelstraSuper did fall foul of IDR obligations: Federal Court

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... failed to justify the delay or inform members of their right to complain to the Australian Financial Complaints Authority (AFCA), the Federal Court found. In a judgment handed down on April 30, the Federal Court found TelstraSuper - which has since merged ...

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... creditors, including its liabilities in relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. In an update to the ASX, Sequoia said developments ...

ASIC concerns over Interprac sale 'unfounded': Sequoia

JAMIE WILLIAMSON  |  FRIDAY, 10 APR 2026
... creditors, noting two lead determinations have been made against the licensee by the Australian Financial Complaints Authority (AFCA) regarding its involvement in the Shield and First Guardian collapses. "Sequoia believes that concern is unfounded," ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... treatment of counterfactual loss for CSLR-eligible financial advice complaints. The Australian Financial Complaints Authority (AFCA) generally determines loss in financial advice complaints using a counterfactual ('but for') approach, comparing the consumer's ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... creditors, including its liabilities in relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. There are currently more than 900 open complaints with ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... from CSLR eligibility entirely but still be able to make a complaint with the Australian Financial Complaints Authority (AFCA). For the next steps, Mulino said: "I will convene a second CSLR and consumer protection roundtable in the coming weeks, to ...