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Showing 291 - 300 of 6873 results for "Act2"

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
The Council of Australian Life Insurers (CALI) is developing an industry action plan for mental health claims over the next 12 months, working with an expert panel from related fields to ensure claimants are assessed appropriately. The framework will ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
ASIC has updated its Statement of Claim in the proceedings against Equity Trustees (EQT) to include a claim for compensation for losses incurred by members of the AMG Super and Super Simplifier platforms who invested in Shield Master Fund. This is in ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
ASIC has reported an increase of 50% in investigations and an almost 20% rise in new civil enforcement proceedings in the financial year 2025. In its report for the full year, ASIC highlighted a ramp up in its enforcement activity and work to address ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
Too many auditors are failing the independence test and breaching conflicts of interest obligations, according to an ASIC investigation. A review of 15 audit firms saw nine did not meet rotation requirements while five of them had "relevant relationships" ...

ASIC sues Fiducian for ESG failures

ELIZA BAVIN  |  FRIDAY, 3 OCT 2025
ASIC has launched proceedings in the Supreme Court of NSW against Fiducian Investment Management, alleging it breached its duties as a responsible entity and engaged in misleading and deceptive conduct about its environmental, social and governance ...

Prime Super recruits product veteran

ELIZABETH FRY  |  THURSDAY, 2 OCT 2025
Prime Super has bolstered its leadership team with the appointment of two experienced executives from Active Super, bringing deep industry expertise product development and member services. Renee Tkalec joins the asset owner as head of product bringing ...

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have. The regulator said Rest made false or misleading representations in ...

Draft laws for insurers' ban on use of genetic test results released

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
Treasury opened consultation on draft legislation to ban life insurers' use of genetic test results in underwriting. The release of the draft legislation follows the government's announcement in September 2024 that it would implement a total ban, following ...

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... regulate platforms that hold digital assets. The draft legislation introduces two new financial products within the Corporations Act - digital asset platform and tokenised custody platform. This means the existing consumer protections and licensing rules ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
The Reserve Bank of Australia (RBA) has released its 2025 Assessment of the ASX Clearing and Settlement (CS) Facilities, slamming the market operator for continued failures. The RBA determined the ASX has "considerable work to do" to meet the central ...