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Showing 351 - 360 of 5387 results for "Federal"

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests from 'Determination Members' - those ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
The US Federal Reserve is widely tipped to fire the starting gun on its first rate cutting cycle in years; here's what top economists see unfolding. AMP deputy chief economist Diana Mousina said some people believe the Fed is behind the curve and that ...

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... price inflation while a user is in the retirement phase," ASIC said. ASIC aligns its default inflation rates with the federal government's 2023 Intergenerational Report (IGR), Retirement Income Review, and current midpoint of the Reserve Bank of Australia's ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... they incur from July 2025. With the nation's annual aged care expenses predicted to hit $42 billion by 2026-27, the federal government is looking to prop up the industry, with minister for aged care Anika Wells introducing the Aged Care Bill 2024 ...

FAAA ramps up Dixon inquiry campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
The Financial Advice Association Australia (FAAA) is calling on all federal members of parliament to support a public inquiry into the collapse of Dixon Advisory and the flow-on effect on the Compensation Scheme of Last Resort (CSLR). The FAAA has written ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... entities related to him, including Ostrava Equities, and that he was banned from providing financial services by order of the Federal Court. In sentencing Justice O'Connell remarked that Grimm was "well aware of his obligations" and that he "abused the ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... highlighting the manufacturing division's lobbying to withdraw from the CFMEU. APRA has commenced civil proceedings in the Federal Court of Australia seeking civil penalties and O'Connor's disqualification. The regulator alleges O'Connor ...