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Showing 301 - 310 of 2495 results for "Legal"

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... institution (ADI) by Sanlam, will instead be held on trust by Stakeshop AFSL in a new account with the same ADI. Stake's head of legal, risk, and compliance Iain Gentle said the decision to pursue its own AFSL was made due to the growing scale of the ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... candidates who sat the exam have passed. The exam has three strands. It tests candidates' knowledge of advice regulatory and legal requirements, including obligations under Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... assurance processes to satisfy themselves that advice deductions from members' superannuation accounts comply with their legal obligations. This may include random or risk-based sampling of advice," the memorandum states. The industry breathed a ...

Sequoia professional services lead exits, restructures business

KARREN VERGARA  |  THURSDAY, 4 JUL 2024
... divisional structure from four to two for the 2025 financial year. The new reporting units are licensee and adviser services, and legal and administration services. Licensee and adviser services comprises Interprac Financial Planning, Sequoia Financial ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... claim Regan has suffered "substantial distress, embarrassment and hurt" as a result of the publication. Regan has hired legal heavyweights Sue Chrysanthou and Craig Osborne to represent him in the matter. Regan worked for AMP for 20 years before stepping ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... implementation of the Delivering Better Financial Outcomes (DBFO) reforms emphasised in its final report it wants "greater legal clarity" to how advice fees are deducted from superannuation fund accounts. The Senate Economics Legislation Committee, led ...

Average super balances fall

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... an average taxable income of $460,000. Those in the finance profession also made the top 10 list, along with those in the legal sector. The top 10 highest paid occupations were: Surgeon - $460,356 Anesthetist - $431,193 Financial dealer - $373,733 Internal ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... the requirements of the Act or the general law." His reasons for this were that, among other things, Block Earner sought legal advice. The judge said that even if he hadn't granted the relief, he would not have awarded any penalty, citing Block Earner's ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... arrangement resulted in investors holding only an equitable interest in the fully paid ordinary shares, rather than full legal and equitable ownership rights normally associated with the ownership of ordinary shares." ASIC added that it also acted as ...

Keybridge Capital cops another loss against WAM

ELIZA BAVIN  |  FRIDAY, 7 JUN 2024
... ordered them to pay costs in a court battle that has been dragging out for four years. In June 2020, Keybridge launched legal proceedings against WAM alleging it had improperly transferred 16 million Keybridge shares into its own name. Prior to the filing ...