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Showing 11 - 20 of 1368 results for "AFFECTED"

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... directed into risk property developments and other investments. Across the broader collapse, almost 6000 Australians were affected, with more than $620 million of superannuation invested in the fund, according to Gordan Legal. Macquarie agreed in 2025 ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
... minimum 30% tax on the taxable income of the trust. Amounts already taxed in the hands of the trustee will generally not be affected by the tax. If no beneficiary is made entitled to trust income, the highest marginal rate plus the Medicare levy will ...

Insurer sanctioned for over 10k breaches

MATTHEW WAI  |  WEDNESDAY, 2 SEP 2026
... has also updated its annual notices, corrected policy information and issued communications and corrected notices to affected customers. McClelland said the sanction reflected the scale and duration of the breaches. "A formal warning puts the insurer ...

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
... Hejaz's 10 other investment funds, such as the High Income Active ETF, Sukuk Active ETF and Global Ethical Fund, are not affected, as is its lending division. Furthermore, Ozyon said the group is expanding. In April 2025, the company announced it ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... FY26 of $105.4 million, plummeting 15% from $124.1 million in the previous year. Sequoia said the business was directly affected by the First Guardian and Shield Master Fund failures, attributing the decline largely to the reduction in adviser numbers ...

Perpetual weighed down by wealth management business

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Perpetual Group recorded "stable" revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue. Operating revenue of $1.4 billion was stable year-on-year, with revenue growth reflected by its corporate trust division ...

MFG profit falls 47% as Barrenjoey lifts combined earnings

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
... strategies, alongside growth in systematic strategies, offset by continued Global Equities outflows. Statutory NPAT was also affected by a $38 million fair value on MFG's fund investments and $11 million in merger and integration expenses. The results ...

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... September 2023, Compare Your Super then became an authorised representative of APT Strategy. ASIC has previously urged affected investors to consider making a complaint to AFCA about the financial advice provided by Australian Fiduciaries via Compare ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
... the First Guardian Master Fund collapse. The platform provider incurred a $71 million post-tax compensation charge for affected members, alongside $3 million in legal and professional fees related to First Guardian. The cost follows the Federal Court's ...

FAAA welcomes 'widow's tax' changes in CGT, negative gearing reforms

KARREN VERGARA  |  TUESDAY, 25 AUG 2026
... during a Senate Economics Committee hearing in June, where Senator David Pocock highlighted the potential implications for affected Australians. The FAAA said the concern has now been addressed through amendments incorporated into the Treasury Laws Amendment ...