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Showing 391 - 400 of 3577 results for "Consumers"

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... drives up the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... enforcement of the law," ASIC chair Joe Longo said. "The new commissioners will be powerful advocates for Australian consumers and investors, and for maintaining the integrity of Australia's financial system. I look forward to working with them." Treasurer ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... Compensation Scheme of Last Resort (CSLR). According to ASIC, the CSLR will provide compensation of up to $150,000 to consumers who have an unpaid determination from the Australian Financial Complaints Authority relating to personal financial advice ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... an ACL holder nor a representative of an ACL holder. During this time, Helio offered cryptocurrency-backed loans to consumers using the digital currency as security over the loan. As punishment, Helio has entered a recognisance in the sum of $15,000 ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... carefully consider the judgment. "ASIC pursued this matter because conflicted remuneration has the potential to cause consumers to be given financial product advice that may not suit their needs," ASIC deputy chair Sarah Court said. "While the Full Court ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... substantial." After the Royal Commission, the government introduced a comprehensive set of new laws aimed at safeguarding consumers and investors, particularly in relation to DDO. "In the proceedings that we filed last week, we allege that eToro contravened ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... review available to us," he said. "We believe the acquisition will improve competition, which will benefit Australian consumers, particularly in Queensland. All of the relevant markets are intensely competitive and will continue to be intensely competitive ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... case management hearing is yet to be scheduled by the court. ASIC has previously taken administrative action to protect consumers from high-risk CFD trading, not suited to their financial circumstances, including stop orders against Saxo Capital Markets ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... August. "There remains some upside risk to further rate hikes by the RBA beyond any increase in August," he warned. "Consumers should not be betting on easing of price pressures in the near term." Chesler explained the RBA is "clinging" to hopes that ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... transformation. To stay competitive and meet new regulations they need to give members the kind of intuitive digital experience consumers now expect everywhere else in the global economy." "The key prize we've achieved for Aware Super members is ...