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Showing 371 - 380 of 5387 results for "Federal"

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... insurers being the largest provider of financial support to those struggling with mental health episodes, second only to the federal government. More than 91,000 Australians have received more than $12 billion in financial support from life insurers ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... potential US recession. Mediocre jobs data released in the US sparked recession fears with investors also concerned the Federal Reserve is behind in cutting interest rates. However, Bell Potter research assistant Andrew Ho said the market reaction may ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Complaints Authority if they have concerns about the advice they received. Last June, ASIC obtained interim orders from the Federal Court to freeze the assets of UGC and the Global Capital Property Fund. The court's orders restricted these entities from ...

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... more older Australians to support their kids," O'Malley said. "While this needs to be tackled at a macro level by federal and state governments, there are other, more immediate options for younger Australians wishing to purchase their first prope ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
... change the venue of the meeting. The court ultimately denied Keybridge's case, leading to an appeal being lodged in the Federal Court which was also denied. Now, WAM is calling to save in-person AGMs. Speaking to Financial Standard, Wilson said the 2022 ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

Australia unlikely to tame inflation

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... remains sticky. "[In the US] if Donald Trump is re-elected, we could get a political monetary policy or a less independent Federal Reserve. There are also some structural issues keeping inflation high such as de-globalisation, protectionism, and declining ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... key issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen by Keystone Asset Management. ASIC ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... another iteration of the Significant Investor Visa (SIV) that have attracted massive inflows from rich investors. The federal government canned the Business Innovation and Investment Program (BIIP), which comprises three major visa streams that provided ...