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Showing 11 - 20 of 1138 results for "Representatives"

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... First Guardian master funds. About $677 million is estimated to be owed to investors who were advised by InterPrac representatives to invest in the failed funds. ASIC insisted a receiver must be appointed to investigate and report on whether the deal ...

ASIC reviews AFSLs over finfluencer concerns

ELIZA BAVIN  |  FRIDAY, 24 APR 2026
... obligations when engaging finfluencers. Under the arrangements, unlicensed finfluencers may operate as authorised representatives of AFS licensees, however responsibility for supervising finfluencer conduct and the liability for any breaches remains ...

SMSF Adviser Network shuts its doors, 85 advisers vanish from FAR

MATTHEW WAI  |  FRIDAY, 10 APR 2026
... subsequently seen its entire fleet of 85 advisers delisted from ASIC's financial adviser register (FAR). SAN's representatives were predominantly accountants who operated under a limited licence to provide advice on SMSF establishments and classes ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... Funds. There are currently more than 900 open complaints with AFCA in relation to advice provided by Interprac representatives, and the complaints body has published two lead determinations that would influence their outcomes. About $677 million is owed ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... conflicted remuneration ban is up for consideration. These are typically third-party lead generators and their representatives that are not licensees providing financial advice or product issuers/seller whose actions could reasonably influence advice ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... representative of Reilly Financial in the following year. Interprac is being sued by ASIC over its failures to ensure representatives acted in clients' best interests, while Venture Egg has been ordered by the Federal Court to be wound up on "just and ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
The government has tabled the Treasury Laws Amendment (The Survivors Law) Bill 2026 in the House of Representatives today which seeks to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid paying compensation to ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... Sequoia had planned to do." Sequoia is currently suing AFCA for a December 2025 determination relating to one of its representatives and advice provided regarding Shield, but did not announce how that will impact the new owner.

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... for InterPrac, which may include continued operation under revised arrangements, the transition of authorised representatives to alternative licensing structures, or the potential sale of the InterPrac business or its shares," he said. "During the review ...

AFCA expands scam-related complaints, publication rules

KARREN VERGARA  |  FRIDAY, 13 MAR 2026
... protections ahead of the full implementation of the Scams Prevention Framework," AFCA said. Some changes to paid representatives took effect. Under new rule B.6.5(a), where a paid representative is not an AFCA member but is required by law or their licence ...