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Showing 361 - 370 of 4199 results for "Action"

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... observed'. A rating of 'not observed' is made when the RBA has identified serious issues of concern that warrant immediate action. "It is deeply disappointing that the regulators need to take these actions today. But they are necessary. ASX operates ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... next financial year. "APRA is forward-looking and outcomes-focused - identifying prudential risks and taking proactive action to prevent harm before it can occur, assisting in minimising regulatory burden, and facilitating competition and innovation," ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... from ASIC's use of the new powers, and we encourage ASIC to continue using these new tools judiciously to prevent and take action against wrongdoing," Mulino said.

CBRE taps industry veteran for research head

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
CBRE has appointed a new global head of research to lead the team tasked with advising investors on the forces shaping the commercial real estate market. Henry Chin succeeds Richard Barkham, who will retire at the end of June. A more than 10-year veteran ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... Competition Review by Treasury that found minimum wage workers were being sued by former employers or threatened with legal action if they tried to switch jobs. The government said eradicating such clauses could life the wages of workers by up to 4% ...

Regal slashes holdings in Opthea over insolvency concerns

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... outcome may become known." Opthea added that it is currently relying on the "safe harbour" provisions in taking course of action reasonably likely to lead to a better outcome for the company in section 588GA of the Corporations Act 2001.

Perpetual Private awards $60m mandate

ELIZA BAVIN  |  FRIDAY, 21 MAR 2025
Perpetual Private has added the Osmosis Resource Efficient Core Equity Fund to its multi-asset, multi-manager programme, with an initial allocation of $60 million. The Osmosis Core Equity Fund targets a better risk-adjusted return than the MSCI World ...

Super fund consolidation to accelerate: Mercer

ANDREW MCKEAN  |  THURSDAY, 20 MAR 2025
Australia's superannuation industry is poised for accelerated consolidation, with most existing funds set to disappear, according to a Mercer report. The report noted that during the 2023/24 financial year, the number of APRA-regulated super funds declined ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... outcome, and we will continue to keep greenwashing in our sights." ASIC has also been successful after taking greenwashing action on Mercer Superannuation Australia and Vanguard.