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Showing 381 - 390 of 3916 results for "Law"

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ...

AMP Advice expands network

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
The advising-arm of AMP continues to expand its network after reporting revenue growth in 1H24. Its advice revenue and revenue per practice have increased 16% and 11.6% respectively on the last quarter, AMP said. In addition, AMP said Melbourne-based ...

Tribel Advisory adopts estate planning solution

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... and oversee the transfer of wealth in accordance with clients' wishes and at the same time adhere to the full extent of the law. "Too many Australians pass away every year without a will, creating unintentional financial hardship, stress and, all-too-often ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... billion of the shares were to be acquired by its own underwriters rather than placed with investors. ANZ denies it broke the law, claiming the 25.5 million shares the bank and other joint managers took up were only 0.91% of the total shares on issue ...

GQG breaches SEC whistleblower protection laws

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... government agencies. Such arrangements, the regulator said, made it more difficult for them to report potential securities law violations to the SEC. The NDAs in question were drawn up between November 2020 through September 2023 for the 12 candidates. ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
The Australian Taxation Office (ATO) has confirmed financial advice fees for tax-related guidance are deductible where the advice is provided by a Qualified Tax Relevant Provider (QTRP). Releasing a final guidance yesterday, the ATO said: "Fees for ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... regime, which AISC said it will consider. Two submissions advocated for migrating the relief and/or requirements to the primary law. ASIC has it has referred this to Treasury's attention.

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... and statutory declarations. AFP detective superintendent Peter Chwal said the AFP worked closely with Commonwealth and state law enforcement partners to stamp out fraud and identify anyone who tried to exploit government support. "It is important to ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...