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Showing 321 - 330 of 3918 results for "law"

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
... in the system's fairness and transparency." Further, Burgess was also dissatisfied with the Treasurer's claim that, by law, self-managed super funds (SMSFs) are to maintain liquidity to meet their tax obligations. "While it is standard for laws to ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... that the super-rich disproportionately influence public opinion through the control of media and social media, leverage the law in their own favour, and buy access to policymakers.

SEC names acting chair, establishes crypto taskforce

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2025
... will collaborate with commission staff and the public to set the SEC on a regulatory path that respects the bounds of the law. The SEC said that to date, it has relied primarily on enforcement actions to regulate crypto retroactively and reactively ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
Laws that will double the tax on earnings of superannuation balances over $3 million, which were shelved in late 2024, will make the system fairer particularly as many are doing it tough, The Australia Institute says. The Australia Institute chief economist ...

BlackRock settles lawsuit for 'misleading consumers'

ANDREW MCKEAN  |  MONDAY, 20 JAN 2025
BlackRock has reached a settlement in a lawsuit filed by the State of Tennessee, which alleged the asset manager misled consumers about how much its investment strategies were influenced by ESG considerations. Tennessee's suit alleged BlackRock failed ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ...

Major climate group suspends operations

ROSE MARY PETRASS  |  TUESDAY, 14 JAN 2025
An alliance of financiers with over US$57.5 trillion in assets has bowed to US political pressure and hit pause after the exit of the world's largest asset manager, BlackRock. Net Zero Asset Managers (NZAM), which has over 300 members, announced it ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... compliance processes" in place. Sanlam had inadequate resources and processes to ensure its authorised entities complied with the law and to oversee those who used its licence to offer risky financial products to retail clients, Court said. "Licensees ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... in and profit from dishonest conduct. Mr Spina's sentencing should be a deterrent to those who operate outside of the law and whose actions can have a detrimental effect on consumers who entrust their money with others." Sipina is the third person ...