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Showing 21 - 30 of 606 results for %22Section 38Q of%22

FSCP issues another registration prohibition order

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
The Financial Services and Credit Panel (FSCP) made another registration prohibition order against a financial adviser who tried to recommend an SMSF and investment products that were not suitable to a client. Melbourne-based Stephen Rogers, a representative ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... of the member demographic potentially to assist with the determination of retirement income strategies as required by section 52(8A) of the Superannuation Industry (Supervision) Act 1993 (SIS Act) addressing Retirement Income covenants," the prudential ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... last year after concerns were raised that the life insurance start-up was operating without a licence, thus contravening section 911A of the Corporations Act. ASIC said it was also concerned iExtend had been offering to pay life insurance premiums for ...

Colonial First State enhances FirstChoice with Elemnta

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
... Power said the new functionality has been developed with advisers, for advisers. "Using deep insights from a wide cross-section of practices, we are giving precious time back to advisers to focus on their clients by increasing efficiencies, improving ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... confusing about this is, under the wholesale definition, you can be wholesale by wealth [with] an accountant certificate under Section 761G (7) (C), which basically means that by having more than $2.5 million or $250,000, you are a professional investor ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... the current arrangement is operating effectively and efficiently and/or whether any amendments are required. Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... June 2013. The second count relates to obtaining additional funding from November 2014 to early 2015. Each offence of section 192E(1)(b) and 346 of the Crimes Act 1900 (NSW) carries a maximum penalty of 10 years' imprisonment. The matter was adjourned ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... offering of investment opportunities to members of the public from 26 September 2020. ASIC previously sought documents under Section 33 (s 33) of the ASIC Act and subsequently issued orders as part of the ongoing investigation. However, Provide Capital ...

How to warm up for a 50-degree day

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023
... 50-degree day via four avatars - a construction worker, a farmer, a supermarket manager, and an A&E doctor. "We wanted a cross section," Noble said. "Each one is telling a different story. The supermarket manager is telling the story about supply chains. ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... that Australia remains an important market to its custody franchise, saying "it is not unusual to see rankings shift in a section of the market that has seen some consolidation during the last year," referring to both the superannuation and asset management ...