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Showing 351 - 360 of 4466 results for "Case"

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... an interest rate cut early next year. "A spike in the unemployment rate would be a red flag for the RBA and strengthen the case for an earlier rate cut. However, the data released today shows the unemployment rate for November has decreased by 20 basis ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... target band sustainability, it will commence the process of removing some of that restrictiveness," Aird said. "Our base case remains for the RBA to commence an easing cycle in February 2025. And we look for 100bp of easing over 2025 that would take ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... identification and investigation of systemic issues; transforming the systemic issues and funding models; developing a new case management system and customer portals; undertaking independent audits of decision-making and complaints handling; updated ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... financial advisers that would have been banned in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

The sensitive conversations advisers shy away from

KARREN VERGARA  |  TUESDAY, 3 DEC 2024
... myths around them. "I hear on a regular basis that they are not worth the paper they're written on, which is just not the case. BFAs can be entered into at any time circumstances change - before a couple enters a relationship or move in together ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
As the number of AFSL cancellations pile up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... will influence the outcome. "There is every chance the Labor government will either lose the next federal election, in which case, the Division 296 Bill is dead, as the Coalition have stated they oppose such legislation," Ali said. Although it passed ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... Advice Association Australia (FAAA) Congress. By way of example, FAAA chief executive Sarah Abood pointed to a recent AFCA case whereby the victim made a profit and the balance size increased to $1.06 million. According to the determination, the victim ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Cbus chair Wayne Swan faced the Senate Economics Committee today to answer questions around the super fund's claim handling delays, governance and payments made to the CFMEU. Cbus is facing legal action from the Australian Securities and Investments ...