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Showing 331 - 340 of 4254 results for "Action"

PC recommends switch to digital financial reporting

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
An interim report from the Productivity Commission (PC) has recommended Australian companies switch to digital financial reporting to allow for data to be better extracted. The report looked at how Australia can better harness the data contained in ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... giving confidence to policyholders that their insurers can fulfil their obligations. "APRA will continue to take suitable action if insurers fail to meet its expectations." In response, KeyInvest chief executive Craig Brooke said the firm has been working ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... power to exercise these options is discretionary. Nothing in section 1069H requires the minister to take any particular action in response to a notification that a sub-sector cap has been exceeded; there is no timeframe for the minister to make a determination ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... and its board substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by ...

Mulino sits on Tranche 2 for now, grapples with complexity

KARREN VERGARA  |  WEDNESDAY, 30 JUL 2025
Minister for financial services Daniel Mulino says releasing the next exposure draft for the "complex" second tranche of Delivering Better Financial Outcomes (DBFO) reforms is a top priority, but the financial advice sector should not expect it anytime ...

Rest calls for super performance test reforms

ELIZA BAVIN  |  TUESDAY, 29 JUL 2025
... major challenges, including climate change, an ageing population and a severe housing shortage. "Without strong policy action, it's younger Australians, including hundreds of thousands of Rest members, who will bear the brunt of these challenges. "We ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... carry on a financial services business in Australia. Since 2022, several international regulators have taken regulatory action in relation to Bitget entities, including Spain's Comisión Nacional del Mercado de Valores, the Austrian Financial Market ...

Macquarie suffers first strike on pay package

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... conduct in its short-sale reporting to the market operator, supposedly misreporting millions of trades for 14 years. Another action relates to Macquarie Bank's "multiple and significant compliance failures" relating to its futures-dealing business ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... involving the same practice earlier this month. Additionally, Slater and Gordon Lawyers is exploring a potential class action against the Shield Master Fund and First Guardian Master Fund - calling for investors who have been affected to come forward ...

Law firm eyes First Guardian, Shield class action

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025
Slater and Gordon Lawyers are investigating a potential class action on behalf of investors in First Guardian Master Fund and Shield Master Fund for allegedly operating a Ponzi scheme with thousands of Australians' superannuation savings. Slater and ...