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Showing 21 - 30 of 116 results for "Loophole"

Study finds 5000 European ESG funds investing in fossil fuels

JAMIE WILLIAMSON  |  THURSDAY, 20 MAR 2025
Close to 5000 European funds being marketed as ESG hold interests in companies involved in fossil fuels, research shows. Close to 5000 funds being marketed as ESG in Europe hold interests in companies involved in fossil fuels, research shows. Analysing ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... message that abuse is not tolerated in any form. We strongly support government and parliament moving to close this legal loophole and protect victims of family violence and financial abuse." The SMSF sector, meanwhile, appears to be a hotbed for financial ...

Treasury consults on beneficial ownership disclosure reforms

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
The government is again consulting on its plans to increase disclosure requirements in relation to ownership of listed entities. Treasury has commenced a second consultation relating to its plans to implement a public beneficial ownership register ...

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 ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... dollars in damages along with the victim's legal costs. But he may never see a cent of this money because the legal loophole by which offenders can hide their assets in superannuation accounts, which are protected from creditors, including victims ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
South Australia has become the first jurisdiction in Australia to support a motion calling for the close of a legal loophole that protects paedophiles' superannuation from access by survivors of child sexual abuse. The Legislative Council unanimously ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
Plans to allow access to offenders' superannuation savings as a means of recourse for victims and survivors of child sex abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying child abuse victims court-awarded compensation. The proposals will make certain super contributions made by an ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... James Austin-Beddoes were sentenced to a combined 15 years in prison over their involvement in a scam that "exploited a loophole" on the platform - reported to be Australian-based Coinspot. The scam was masterminded by James Parker, who died in January ...