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Showing 351 - 360 of 2681 results for "Fair"

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
The Senate Economics Legislation Committee has recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... a new guideline. Finalised guidance on financial promotions on social media sets out that any form of promotion should be fair, clear, and not misleading, and must balance and carry the right risk warnings for consumers to make well-informed financial ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
Financial advisers must be mindful of the "legal uncertainty" that exists when applying the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... seek another 5% increase in the minimum and award wages as part of its submission to the Annual Wage Review. Each year, the Fair Work Commission hears from unions, employers, and governments before setting minimum and award wages for about 2.9 million ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The US Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25% to 5.50%. Despite holding rates at their current level, the latest dot plot revealed the FOMC expects 75 basis points of cuts this year, with more to come in ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
The Australian Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... government funds about 75% of residential aged care and 95% of home care, which the taskforce describes as "not an optimal or fair mix." One of the reasons for this, the taskforce said, is that the older people of the future are typically expected to ...

New campaign pushes for reproductive leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... "We support the proposed new laws to be adopted by the Queensland and federal government. The current provisions under the Fair Work Act are insufficient as they do not allow women to take personal leave for menstrual pain, among other reproductive health ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... penalty. ASIC chair Joe Longo said maintaining confidence in Australia's market operators is fundamental to ensuring fair and efficient markets, underscoring that this enforcement action is a demonstration of the corporate regulators commitment to ...