Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 321 - 330 of 3961 results for "Law"

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... executive Misha Schubert said payday super will dramatically reduce the level of unpaid super, improve compliance with the law and make the super system fairer for workers and businesses alike. "Over the coming year, concerted effort will be needed from ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... family home," Beeson said. SMEs should also review budgets and payroll structures to account for increased SG rates and tax law shifts and ensure their payroll systems can handle "more frequent" super payments, Beeson suggested.

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... register financial advisers may also indicate that licensees lack adequate governance arrangements to ensure compliance with the law. ASIC noted each penalised licensee promptly registered their adviser and reported the breach after becoming aware the ...

Pendal's Blayney lands at HESTA

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
HESTA has made two new senior hires including a general manager of dynamic asset allocation and a general manager of information security. Former Pendal Group's head of multi-asset Michael Blayney will take on the former role with Nick Catherall ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... evidence of domestic violence or financial abuse mightn't be readily available, particularly when there's no intervention from law enforcement or other organisations. The report noted further challenges arise when financial abuse isn't disclosed. "There ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... the class action, said the settlement was a "good outcome" for the victims and was achieved efficiently. The Melbourne-based law firm launched the class action in October 2023 against the SMSF auditors who allegedly failed to pick up that the assets ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... Thomson is not a "fit and proper person", not adequately trained nor competent, and will likely contravene a financial services law in future, ASIC said. As a result, Thomson has been banned for five years, though some exemptions were allowed. The banning ...

AustralianSuper bins WiseTech stake

ANDREW MCKEAN  |  THURSDAY, 27 MAR 2025
AustralianSuper has sold down the remainder of its already-trimmed WiseTech stake, alluding to concerns about how the company is handling its founder Richard White's role. The super fund held roughly $700 million in WiseTech shares, about 2.26% ...

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The government will amend tax laws to clarify the treatment of managed investment trusts to ensure "legitimate investors" keep their concessional withholding tax rates in Australia. Federal Budget documents said that change complements the Australian ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... in industries where restraint clauses are most prevalent. The government will also work to close loopholes in competition law that currently allow businesses to use 'no-poach' agreements to block staff from being hired by competitors, and fix wages by ...