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Showing 401 - 410 of 3965 results for "Law"

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favour. I've greatly enjoyed working with my fellow Commissioners, Allison Herren Lee, Elad Roisman, Hester ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
ASIC has issued new regulatory guidance for financial advisers and superannuation trustees relating to four strands of the Delivering Better Financial Outcomes (DBFO) reforms. The regulator issued two new documents regarding fee arrangements: Information ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... consultation paper on the Crypto Asset Reporting Framework (CARF) to explore whether it should be added into Australian tax law, or if government should customise a policy response. The Organisation for Economic Co-operation and Development (OECD) developed ...

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
ASIC commissioner Simone Constant said the corporate regulator is focused on driving consistency and transparency around super fund investments in the private market. "We have an ongoing dialogue with APRA's work around the valuation of unlisted assets ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... the direction of APRA. The findings of the review are likely to be published before the end of the year. Under Commonwealth law, directors on the boards of superannuation funds such as Cbus have an ongoing obligation to satisfy a 'fit and proper ...

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... services, is not adequately trained or competent to provide financial services and is likely to contravene financial services law..." Ridgway allegedly provided false information during ASIC's investigation into his role in recommending unlisted ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... number of units issued at the time be made for some members. There have been no findings of breaches or contraventions of the law. The median value of the adjustment will be around $17," the spokesperson said. "This adjustment considers the difference ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... and its subsidiary AFSH Nominees (AFSH) did not respond to 345 hardship applications within the 21-day timeframe required by law. "We allege NAB unlawfully failed to respond to their customers' appeal for help when they needed them most," ASIC chair ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
Fintech firm elemnta has released new research looking at data-related challenges impacting Australia's wealth management sector. The research highlights data fragmentation and lack of standardisation as the primary hurdles preventing scalable ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... progress. As such, the ASX said it denies that the statements made in February as to the progress of the project contravened the law. "ASX accepts that the delays with the previous CHESS replacement project caused disruption, something for which we have ...