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Showing 301 - 310 of 4207 results for "Action"

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients ...

Trade war could have positive impact on Aussie GDP: PC

ELIZA BAVIN  |  TUESDAY, 8 JUL 2025
... Australia, and that our best response would be to continue to remove existing tariffs. The government has already taken action to remove 457 nuisance tariffs, and the TAR identified a further 315 "urgent priority" tariffs which impose a high compliance ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
Shine Lawyers filed a class action against AMP this week alleging AMP Superannuation has slugged investors with excessive insurance fees. Shine Lawyers confirmed the class action has been filed in the Federal Court of Victoria on behalf of hundreds ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... Treasury report into the CSLR and the government's response. The problems will rapidly get substantially worse if urgent action is not taken, putting the ongoing existence of the scheme at risk." Abood said the small reduction of $2.8 million in the ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
AMP has been served two separate legal proceedings; one a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... prevent these products continuing to be offered in the market, where that's available to us and that's protective action to prevent consumer harm," she said.

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... judgment demonstrates such brazen and intentional disregard of the law will be strongly punished. ASIC will continue to take action to ensure court orders are complied with," ASIC deputy chair Sarah Court said.

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... encouraged to review their practices considering the better practice examples and observations below holistically and take action to address any deficiencies," APRA deputy chair Margaret Cole said. "Where APRA identifies practices which fall short of ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... enforce the wholesale classification requirement to SMSFs. However, AFCA said that ASIC's position does not limit consumer action and that SMSF trustees can still pursue complaints through AFCA if the fund has less than $10 million in assets. "Sophistication ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... ambitions and not a regime change in the nation, US President Donald Trump's rhetoric suggests the potential for further action. "From Israel's perspective, it may push for additional US support to ensure Iran's nuclear program remains crippled and ...