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Showing 11 - 20 of 4144 results for "Action"

Dexus forced to sell stake in airports

KARREN VERGARA  |  MONDAY, 1 JUN 2026
... constitute a breach of the APAC Shareholders' Deed, according to the allegations made. IFM Investors led the legal action against Dexus with the backing of other APAC shareholders, such as the Future Fund, NSW TCorp, and Morrison-managed Utilities ...

FEATURE | Emerging markets: Twists and turns

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... from an aerial power to a naval power, fully cementing their status as a pirate state," he says. America's Maritime Action Plan released in February, is a testament to this. "If they're able to control others' economies, they may not even ...

Small pocket of failed measures can 'blow the entire business': Anderson

MATTHEW WAI  |  FRIDAY, 29 MAY 2026
The Financial Advice Association Australia (FAAA) general manager of policy, advocacy and standards Phil Anderson warned licensees to improve their control measures for authorised representatives to avoid any unintended consequences. Breaking down licensees' ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... superannuation trustee entities. The other is Equity Trustees Superannuation Limited (ETSL), which is currently facing legal action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... decision-making stages, including the assessment of losses and the issuance of determinations. InterPrac is currently taking action against a former client and victim of the First Guardian Master Fund collapse for an AFCA determination it does not agree ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... Westpac received approximately 695,000 requests for hardship assistance. We take our obligations seriously and have taken action to ensure we help our customers when they need it most."

IFM bid undercuts Atlas Arteria value by $1bn: Independent expert

RIDDHIMA TALWANI  |  WEDNESDAY, 27 MAY 2026
... shareholders to reject the offer. IFM Investors had launched a hostile takeover bid for Atlas Arteria in late April, stating the action was spurred by continued underperformance from Atlas Arteria, and a significant change in strategy to pursue more ...

AIOFP partners to launch adviser protection program

MATTHEW WAI  |  TUESDAY, 26 MAY 2026
... assets remain in place, and denied access will only occur on a 'for cause' basis, including regulatory or disciplinary action. All restrictions will apply only to the individual adviser, not the entire dealer group. AIOFP chief executive Peter Johnston ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers they need to take "decisive action" to address the sustainability challenges facing TPD insurance and put consumers' needs at the forefront. The regulators' ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...