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Showing 11 - 20 of 4341 results for "LIC"

ASIC consults on new digital asset laws

MATTHEW WAI  |  THURSDAY, 15 OCT 2026
ASIC is seeking industry feedback on its draft guidance for the upcoming laws around digital assets and operators in the broader digital economy. The new laws will come into effect on 8 April 2027. Consultation Paper 392, Digital asset law reform implementation ...

FEATURE | Governance | Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
"No one can predict a fraud in advance. We're not clairvoyants." The chair of Diversa Trustees, Vincent Plant, testified before last month's parliamentary committee inquiry into the collapse of the Shield and First Guardian master funds. The ...

Former adviser defies permanent banning orders

KARREN VERGARA  |  WEDNESDAY, 14 OCT 2026
Former financial adviser Ezzat Daniel Nesseim has defied ASIC's permanent banning orders and is in the process of being prosecuted. Nesseim was slapped with permanent banning orders by the regulator between 2018 and 2019 that barred him from providing ...

OKX Australia launches perps for pre-IPO opportunities

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
OKX Australia has launched a perpetual contract, also known as perps, to provide exposure of private companies before they undergo a potential initial public offering (IPO). The Pre-IPO Perpetual Futures allow investors to take long or short positions ...

CareSuper rejigs beneficiary nominations, investment options

KARREN VERGARA  |  TUESDAY, 13 OCT 2026
CareSuper has introduced several changes to its investment options and beneficiary nominations. On October 1, CareSuper amended the trust deed to change the circumstances in which a binding nomination may become invalid. Previously a binding nomination ...

Fortnum pays $1.35m to settle ASIC lawsuit

MATTHEW WAI  |  TUESDAY, 13 OCT 2026
Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023. Fortnum self-reported the matter to ASIC and ...

L1 Group sells Platinum's responsible entity to Equity Trustees

RIDDHIMA TALWANI  |  TUESDAY, 13 OCT 2026
L1 Group has offloaded Platinum Investment Management Limited (PIML) to Equity Trustees (EQT), handing over the responsible entity (RE) role for the Platinum funds while keeping investment management in-house. This is part of its cost reduction strategy ...

Former Income AM director launches fixed income advisory

MATTHEW WAI  |  FRIDAY, 9 OCT 2026
A former Income Asset Management executive director has launched Ancora Fixed Income Advisory (AFIA) for high-net-worth (HNW) clients targeting the defensive asset class. After a two-year stint at Income Asset Management, and close to 30 years' experience ...

Capital Group expands into Middle East

ELIZA BAVIN  |  FRIDAY, 9 OCT 2026
Capital Group has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, allowing it to expand into the Middle East. Capital Group said the approval authorises ...

MUFG's acquisition of GROW approved

ELIZA BAVIN  |  THURSDAY, 8 OCT 2026
The competition watchdog has given MUFG's takeover of GROW Inc the green light, while tearing down the latter in its determination. The ACCC said the takeover would be unlikely to have the effect of substantially lessening competition, saying the business ...