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Showing 331 - 340 of 5384 results for "Federal"

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... licence and credit licence of the firm," ASIC said. As a result, ASIC cancelled the two licences on October 16. In 2022, the Federal Court found that between October 2017 and March 2019, financial advisers acting as authorised representatives of Ultiqa ...

US better positioned to deliver strong returns: UniSuper

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... going backwards. By contrast, the US economy is doing well with a strong economy, inflation under control, and the US Federal Reserve cutting interest rates. Signs, Pearce said, are classic ingredients to sustain a market rally. "I'd describe the ...

Australian equities rise, but global markets preferred: Morningstar

ANDREW MCKEAN  |  MONDAY, 21 OCT 2024
... the sharp recovery in September," Morningstar said. Meanwhile, in the US, the Nasdaq and S&P 500 gained ground after the Federal Reserve's decision to cut interest rates last month. Mega-cap stocks rebounded after having exhibited weaker performance ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... about $900 million. WLIS has since been rebranded to TAL Life Insurance Services (TLISL). The acquisition is awaiting Federal Court approval. If successful, TLISL's assets and liabilities, including all the life insurance policies issued by TLISL, will ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... the indexation of the $3 million threshold, as well as preventing the taxing of unrealised capital gains. Kylea Tink, federal independent member for North Sydney, is frustrated that her proposed amendment, supported by prominent industry bodies, was ...

Market has priced in 'too many' rate cuts

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2024
Investors are betting on several interest rate cuts from the US Federal Reserve before the year comes to a close. T. Rowe Price head of investment grade and portfolio manager in the fixed income division Steve Boothe said the market is pricing in several ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
The Federal Court threw out ANZ's appeal against a ruling it breached continuous disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... among the last to begin easing. "While the RBA will continue to monitor global trends, particularly the actions of the US Federal Reserve, it's clear Australia is not moving in lockstep." HSBC chief economist Paul Bloxham said while the decision ...