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Showing 321 - 330 of 6928 results for "Act 2001"

US equities not performing as well as they seem: UniSuper

ELIZA BAVIN  |  TUESDAY, 4 NOV 2025
UniSuper head of fixed income David Colosimo has warned that despite US share markets appearing to have performed very well over the month of October, the reality is more complex. "In October, US shares were actually quite strong, up about 2.25%. But ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
Equity Trustees will follow Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. Speaking at the Equity Trustees annual general meeting today, managing ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
ASIC has confirmed that it will start categorising some digital assets as financial products under updated guidance, while providing plenty of time for those that need to fulfill new requirements. Firms providing services related to digital assets that ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
ASIC has banned another former Crown Wealth Group staffer from working in the financial services industry for showing incompetence in addressing fees-for-no-service (FFNS) misconduct. Brendan Rodwell, who was the director of Crown Wealth Group, was ...

Housing Australia Future Fund under audit

ELIZA BAVIN  |  WEDNESDAY, 29 OCT 2025
The government's Housing Australia Future Fund (HAFF) is being audited by the Australian National Audit Office (ANAO), Auditor-General Caralee McLiesh has confirmed in a letter to Senator Andrew Bragg. In addition, McLiesh said the ANAO is also ...

MLC sets sights on top super funds

ELIZA BAVIN  |  TUESDAY, 28 OCT 2025
MLC Super chief executive Dave Woodall said MLC hopes to have cracked the top three superannuation funds in terms of size as part of its 2030 strategy. Speaking at a client event this morning, Woodall said the transition back to the MLC brand was the ...

Actuaries Institute makes proposal to close advice gap

ELIZA BAVIN  |  TUESDAY, 28 OCT 2025
The Actuaries Institute has released a proposed framework for closing the financial advice gap in Australia. The Actuaries Institute Help, Guidance and Advice (HGA) Working Group undertook extensive research and consultation to examine how different ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
Venture Egg financial adviser Ferras Merhi has been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
Netwealth has applied to the government for financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 in order to compensate members impacted by the First Guardian failure. This morning, the listed platform and superannuation ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
Macquarie Investment Management (MIM) today announced it will shed more than 240 actively managed and passive funds on its Wrap platform. As of today, Macquarie said it closed off 243 funds that invest across a myriad of asset classes "to new investments ...