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Showing 381 - 390 of 5389 results for "Federal"

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 ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... APRA-regulated financial institutions, excluding superannuation funds and health insurers, will also foot the bill. The federal government will only fund the period between 4 April 2024, when the CSLR officially launched, and 30 June 2024. In June, a ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

DigitalX to launch Bitcoin ETF on ASX

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... total Bitcoin supply. Separately, DigitalX requested a trading halt on its shares today, pending an announcement about the Federal Court's decision on its summary judgement application in a case that involves former director Alex Karis.

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... million in government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also expanded ASIC's powers. "However ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... personal advice on less complex matters. They are not able to charge a fee or commission with respect to said advice. The federal government has opened the opportunity for banks, insurers, and superannuation funds to employ QAs. Kaplan chief executive ...

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... unauthorised purposes to the detriment of the company and investees, ASIC said. Finally, he breached undertakings to the Federal Court in relation to the property of O'Corp Media, the regulator said. During this time, Clickthru has been known by a raft ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... of Bishop's firm. Denholm's Wollemi Capital Group has since lodged a notice to appeal the IP Australia decision in the Federal Court.