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Showing 291 - 300 of 752 results for "Relief"

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... institutions to "concentrate on their businesses and assist their customers". The council said both ASIC and APRA will provide relief or waivers from regulatory requirements "where warranted". The relaxed requirements will include the cessation of requirements ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... SMEs, pensioners and Newstart recipients, and expanded investment write-off allowances. This comes on top of the bushfire relief spending of at least A$2 billion - and interest free business loans - announced in late January. Bye bye surplus. The government's ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...

Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... working on a proposal to assist businesses and workers impacted by COVID-19; including plans to cut payroll taxes to 0%, relief for hourly workers, and assistance for the airline, hotel and cruise industries. In the tweets, Trump took aim at Powell and ...

Florida fraudster swindles investors out of $60 million

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams. Williams allegedly raised ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... term. "Australia is going to feel the pain as much as the next country, but its relationship to China may provide some relief in the long run," he said. "Chinese economic activity is still depressed as the country slowly returns to work, but markets ...

Court punishes OTC derivative issuers

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... performance of the products they were pressured to purchase. ASIC said a further hearing would determine the penalty and relief to be paid. The corporate regulator originally warned investors against AGM, OT and Ozifin after obtaining interim injunctions ...

Chief economist update: Strength in jobs downs RBA rate cut expectations

BENJAMIN ONG  |  FRIDAY, 24 JAN 2020
... gentle nudge (or two) from the RBA, along with the Morrison government's increased fiscal spending - intended to provide relief and help in the recovery of the communities and businesses devastated by the bushfires - and the relative improvement ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... expected budget surplus of $5bn, it seems likely that the surplus can be maintained". "Further, under the Natural Disaster Relief and Recovery Arrangements, the Federal Government covers 50-75% of the recovery costs incurred by the States above given ...

Chief economist update: More from Morrison

BENJAMIN ONG  |  TUESDAY, 21 JAN 2020
... is severely affected by the devastation wrought by the bushfires and is now employing all means in his power to provide relief and recovery to all those affected. It's a pity that this has been tainted by his Hawaiian escapade. The Morrison government's ...