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Showing 21 - 30 of 4249 results for "Action"

Government backs Enhanced Regulatory Sandbox overhaul

VINNY VUCAGO  |  WEDNESDAY, 9 SEP 2026
The Federal Government has backed an overhaul of Australia's regulatory sandbox framework, agreeing to repeal the legislation underpinning the Enhanced Regulatory Sandbox (ERS) and replace it with a more flexible model designed to support financial ...

Three super funds fined for misleading investment options

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... pay the amounts payable. "Payment of an infringement notice is not an admission of guilt or liability," ASIC said. This action forms part of the regulator's duty to hold superannuation trustees to account for member services and disclosure failures ...

Labor moves to kill non-compete clauses in productivity push

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... about the enforceability of these terms means many employees stay in unfavourable jobs because leaving may result in court action or unemployment if they breach their restraint of trade term," Treasury said. "This affects the ability of Australian employees ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
... Services inquiry heard, which attempted to make sense of why he was generously rewarded amid regulators taking serious action against the company. Diversa chair Vincent Plant also doubled down on the board's "unanimous" confidence in Peterson and ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
... that were linked to other reports and were considered together. ASIC noted reports from the public have helped take swift action against emerging pump-and-dump scams, which are becoming increasingly sophisticated using fake celebrity endorsements, causing ...

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2026
... disclosure, including regarding its intentions with respect to the buyback rights issue. On July 28, Pengana threatened legal action against PIA, alleging among other things, "material conflicts of interest" were not disclosed in the lead up to the shareholder ...

WT Financial takes majority stake in TNT Advisor

RIDDHIMA TALWANI  |  WEDNESDAY, 2 SEP 2026
... services as an alternative to adding fixed internal resources. "TNT is a very good example of our partnership philosophy in action and of the broader ecosystem of capabilities we intend to build around the advice practices we support," Cullen said. WT ...

Insurer sanctioned for over 10k breaches

MATTHEW WAI  |  WEDNESDAY, 2 SEP 2026
... the breaches. "A formal warning puts the insurer on notice that these failures were serious and that stronger enforcement action may follow if further non-compliance occurs," McClelland said. "It is not enough to correct individual notices after problems ...

APRA hits 12 super options with failed grade

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
... year's results show pockets of underperformance remain and reinforced the need for trustees to take timely and effective action. In addition to the test results, APRA released its inaugural Comprehensive Product Performance Package (CPPP), an analysis ...

FEATURE | Group insurance | Dusk to dawn

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
... workers' compensation schemes, as well as superannuation funds and insurers to be on a united front. "Urgent coordinated action is needed to standardise definitions and data around mental health, streamline transitions between systems to reduce duplication ...