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Showing 371 - 380 of 3916 results for "Law"

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
Assistant treasurer Stephen Jones said the government will press on with Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms that he is preparing to introduce in parliament. The highly anticipated set of changes promise to remove laborious ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... operating a super fund that the general public may not have an appreciation of. Costs relating to services that are required by law - like custodial services - are some of the largest contracts a super fund will manage," Delahunty said. "In superannuation ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
The regulator's inaugural report on use of artificial intelligence by licensees found instances of artificial intelligence (AI) use that was at risk of being at odds with their regulatory obligations. ASIC reviewed more than 600 AI use cases across ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... Corporations Act has become one of the major themes that emerged from the deluge of complaints relating to Dixon Advisory. The law states that a financial firm must prioritise the best interests of the client over the interests of the financial firm ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... general manager of advocacy and standards policy Phil Anderson said this relief resolves a problem that was identified in the law following the passing of the Delivering Better Financial Outcomes (DBFO) Bill, where the service of dealing was unintentionally ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... also been indicted," Regal said in a statement. "RFM denies the allegations and is considering its rights under South Korean law. Regal confirms there is no impact on the group's ability to manage client capital." The charge forms part of the Korean ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
Clime Investment Management continues to overhaul its board, filling two seats shortly after the sudden exit of three directors last week. Clime announced Henry Davis and its chief investment officer Will Riggall have joined the board following the ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... studies of how institutions are formed and affect prosperity." Their research helps explain why societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better, presenting convincing evidence ...