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Showing 351 - 360 of 2073 results for "Apply"

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
In partnership with Google Cloud, Macquarie Bank said it will use new artificial intelligence and machine learning in its app to improve the client experience. The bank explained this includes "predictive analysis models" to provide targeted in-app ...

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current law, the non-arm's length expense (NALE) rules apply to all complying superannuation funds. The bill also distinguishes between specific and general expenses for the purposes ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... 20,570 candidates have sat the exam. The majority (92%) who sat the exam have passed, demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam, ASIC ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... also incur unnecessary additional costs as they seek clarification from their adviser," he said. Furthermore, the test will apply to closed investments on theses platforms. Because of CGT payable upon realisation, it may not be in the member's best ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... interests duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)." Jones said trustees will be provided with legal clarity around current ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
... breaching s408C(1)(a)(i) of the Queensland Criminal Code which relates to a person committing fraud if they dishonestly apply to their own use or to the use of any person property belonging to another person. The maximum penalty for each offence is between ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... 'profit-to-member' ethos and will help to increase members' retirement benefits," the government fund said. The changes apply to accumulation and income stream members. However, only the fee reductions apply to beneficiary account holders ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
Mitrade Global has been hit with the first stop order to be issued under the design and distribution obligations' (DDO) failure to take reasonable steps provision, with the order relating to its distribution of contracts for difference (CFD). The stop ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... FTA also amends working holiday visas. From 31 January 2024, Australians up to the age of 35, up from 30, will be able to apply for working holidays in the UK and stay for a maximum of three years instead of two. Minister for trade and tourism Don Farrell ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... superannuation fund to be slapped with stop orders, which have also been applied to its Voyager Funds series. The orders apply to the Spaceship Earth Portfolio, Spaceship Origin Portfolio, Spaceship Universe Portfolio, and Spaceship Super - marking the ...