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Tribunal affirms InterPrac, FSGA adviser bans

MATTHEW WAI  |  FRIDAY, 11 SEP 2026
The Administrative Review Tribunal has affirmed ASIC's decisions to ban two former financial advisers from InterPrac Financial Planning and Financial Services Group Australia (FSGA) who were involved in the Shield and First Guardian master funds ...

EQT ramps up investments on Asia-Pacific mid-market plays

VINNY VUCAGO  |  THURSDAY, 10 SEP 2026
... teams on that next phase of growth, bringing the same sector expertise, governance and value creation capabilities that we apply across our broader Private Capital platform," he said.

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... August 19 announced its intention to align the disallowance arrangements applying to CSLR levy instruments with those that apply to ASIC industry funding levy instruments.

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
... function involved in carrying on a financial services business for 10 years, effective September 4. Crole has the right to apply to the Administrative Review Tribunal for a review of the decision. Following these events, Sequoia attempted to offload ...

Labor moves to kill non-compete clauses in productivity push

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... that these terms can have on wages, competition and innovation," Treasury said. Under the new laws, a civil penalty will apply on employers who enter in a contract that prohibit post-employment restraint of trade. The government is also amending its ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
Diversa Trustees deflected responsibility at a parliamentary inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
... tax it is set to impose on discretionary trusts from 1 July 2028. A 30% minimum tax on certain discretionary trusts will apply and be payable by the trustee. Treasury is seeking feedback on several changes that include how the minimum tax will work ...

SS&C wins mandate from Aussie boutique fund manager

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
Fundamental Investment Management, a Sydney-based boutique investment management firm, has mandated SS&C Technologies for its inaugural Fundamental Smaller Companies Fund. SS&C will provide fund administration and unit registry services for the fund. ...

WT Financial takes majority stake in TNT Advisor

RIDDHIMA TALWANI  |  WEDNESDAY, 2 SEP 2026
WT Financial has acquired a 70% stake in paraplanning provider, TNT Advisor Solutions (TNT), for $2.4 million. WT Financial managing director Keith Cullen said advice practices increasingly need access to scalable specialist capabilities, including ...

Insurer sanctioned for over 10k breaches

MATTHEW WAI  |  WEDNESDAY, 2 SEP 2026
... capable of preventing recurrence. The Life CCC expects insurers to maintain effective controls over annual communications, apply appropriate assurance during system changes and actively monitor third-party providers. Insurers should also use proactive ...