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Showing 311 - 320 of 891 results for "Failing"

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of clients. Forex CT chief executive, responsible manager and sole director Shlomo Yoshai ...

Westpac senior leader departs

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
... consumer business comes amid some turbulence for the big bank after it received a record fine from AUSTRAC last year for failing to comply with anti-money laundering and counter-terrorism provisions. The bank announced it would merge its consumer and ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... workers turn to mum and dad, and social media for financial advice, a new survey finds that the educational system is failing to provide practical financial literacy skills for students as they navigate the workforce. The financial education gap could ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
The corporate regulator has cancelled the Australian financial services licences (AFSL) of two providers for failing to lodge audited financial accounts and failing to maintain an AFCA membership. Victorian-based financial services provider and mortgage ...

Keep COVID-19 in perspective: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... policy in response to the rise of China. He argued that two decades of "distraction" have resulted in Australia and the US failing to find an appropriate response to the rise of China. He added that US-China regional competition is complex and nuanced. ...

Low FASEA pass rate continues

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... advisers must pass the FASEA exam by 2021 end to stay in the industry. Only 1182 advisers have had to re-sit the exam after failing once. But, among that group pass rates are lower than overall, with just 65% passing on their re-sit. March was a popular ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
Latitude Financial has listed on the ASX on its third attempt with a market valuation of $2.7 billion, despite its past controversies. The company successfully listed yesterday, with one billion shares offered at $2.60 at the time of float before the ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... to get the benefit of the legislated transition period. Firms need to submit an application no later than 7 May 2021. Failing to do so poses a real risk that these firms will have to stop providing claims handling and settling services after 30 June ...

Tax concessions failing women: Research

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
The tax concession system is a contributing factor to gender inequality with most of the benefits flowing onto men, new research from the Australia Institute shows. Economic modelling commissioned by the Australia Institute from the Centre for Social ...

Clime revamps strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
... million settlement in the proceedings against UGL, which claimed that it breached its continuous disclosure obligations by failing to disclose to the market that its $900 million Ichtys Project for the construction of a combined cycle power plant in ...