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| | | The Australian Securities and Investments Commission (ASIC) has banned Queensland-based financial adviser Anass Abdalla. ASIC said Abdalla has been banned from providing any financial services, performing any function involved in the carrying on of ... |
| | | | VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ... |
| | | | The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability ... |
| | | | ... investors to build a long-term wealth plan and to get the correct advice." The UBS report comes as the Productivity Commission (PC) released a new report showing Australia performs well on income mobility. "For most Australians, the amount your parents ... |
| | | | ... and received $426 million in government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also expanded ASIC's ... |
| | | | ... consultant for the network that connects decision-makers to experts. Meantime, Steve McKenna has joined the Insurance Commission of Western Australia as its new chief investment officer. He is tasked with managing the insurance commission's investment ... |
| | | | ... standards such as a diploma, provide personal advice on less complex matters. They are not able to charge a fee or commission with respect to said advice. The federal government has opened the opportunity for banks, insurers, and superannuation funds ... |
| | | | ... splitting its functions between a companies regulator and a separate financial conduct regulator. "Following the Royal Commission, the Australian government increased ASIC's budget and further expanded ASIC's enforcement powers. ASIC's total ... |
| | | | ... section 12 of the SGAA. Currently, section 12-35 provides that an entity must withhold an amount from salary, wages, commission, bonuses or allowances that it pays an individual as an employee. There must also be a payment of salary, wages, commission ... |
| | | | Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and ... |
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