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Search ResultsShowing 21 - 30 of 100+ results for Elizabeth McArthur
Receivers appointed to Mayfair 101 entity
ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
Receivers have been appointed to Mayfair 101's IPO Wealth, with Mayfair slamming the decision by the trustee and claiming this won't harm its Dunk Island development. Vasco Trustees Limited, the trustee of IPO Wealth, advised that on 22 May ...
TPB cracks down on 74 tax practitioners
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
The Tax Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. ...
Banks accused of violating worker ethics
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
In a new report, the Finance Sector Union has delved into how the industry's "capitalist ethics" violate the ethical integrity of workers. The report was commissioned by the FSU and completed by the Religion and Social Policy Network of the University ...
Sole purpose test poses SMSF rent relief issue
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test. Breaching ...
FASEA unclear why advisers are quitting
ELIZABETH MCARTHUR  |  MONDAY, 25 MAY 2020
FASEA chief executive Stephen Glenfield has said it is outside the authority's remit to look into why financial advisers are exiting the industry in droves. Rainmaker analysis of the ASIC Financial Adviser Register indicates that the register has ...
Switching prompts fund to alter allocations
ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Qantas Super has altered asset allocations across all its investment options in response to COVID-19, market volatility and a high number of members switching options. The $8.5 billion corporate superannuation fund said that the changes would improve ...
Litigation funders will need AFSLs
ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Litigation funders will be regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater ...
Banks urged to step up
ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...
Rich Dad feels for financial advisers
ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
Author of ubiquitous personal finance self-help book Rich Dad Poor Dad Robert Kiyosaki says he feels for financial advisers amid the COVID-19 pandemic - though he won't be taking their advice. "They have a tough job, a very tough job," Kiyosaki ...
916 advisers gone in three months, ASIC responds
ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
ASIC chair James Shipton insists the regulator is concerned by the number of financial advisers leaving the industry and how COVID-19 could amplify the issue, as it is revealed almost 1000 left since the pandemic hit. The ASIC Financial Adviser Register ...
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