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Showing 421 - 430 of 18699 results for "ACT"

Fed leaves rates on hold as Powell issues message to Trump

ELIZA BAVIN  |  THURSDAY, 29 JAN 2026
The US Federal Reserve (Fed) left the interest rate on hold at 3.5% - 3.75% overnight, as was widely expected. The rate hold comes in the wake of the US Department of Justice serving the Fed with grand jury subpoenas, threatening a criminal indictment ...

Inflation 'uncomfortably high' as it rises to 3.8%

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
The Consumer Price Index (CPI) rose 3.8% in the 12 months to December 2025, according to the Australian Bureau of Statistics (ABS). "The 3.8% annual CPI inflation to December was up from 3.4% to November," ABS head of prices statistics Michelle Marquardt ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
... over an additional 10-month period, as it did not qualify for the authorised representative exemption under the Corporations Act when issuing Qoin Wallet. BPS Financial has been handed a total of $14 million in penalties, including $2 million for unlicensed ...

Blackwattle launches fund, mandates Equity Trustees

RIDDHIMA TALWANI  |  WEDNESDAY, 28 JAN 2026
Blackwattle Investment Partners has launched its new equity income fund, appointing Equity Trustees as responsible entity. The Blackwattle Equity Income Fund invests in listed Australian equities beyond traditional dividend-paying stocks, while also ...

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
... already been subject to large premium increases in recent years. The proposed bill is set to amend the Insurance Contracts Act 1984 to establish a ban which prohibits insurers from using certain information about an individual's genetic testing to inform ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
The brother of Australian breakdancing Olympian 'Raygun' has pleaded guilty for his role in a large global scam. Former finance director Brendan Gunn pleaded guilty to dealing with more than $180,000 when it was "reasonable to suspect those funds were ...

CareSuper makes sweeping insurance changes

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
CareSuper 'Category A' members will be hit with higher insurance costs come April 1. The $60 billion super fund said after three years of holding fees steady, a rise in claims have made increases necessary. "At CareSuper, everything we do is ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... shop around for deals and avoid loyalty penalties, it can also compound risk given its capability to independently plan and act," it said. ASIC also recognised regulatory gaps emerging in the financial sector, especially digital assets and fintech, due ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... Global Capital Property Fund (GCPF) while he was a UGC authorised representative. ASIC was also concerned Petrovic did not act in his clients' best interests by providing inappropriate advice. He was also accused of making statements that were likely ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... complainant that 60% of the product was invested in the Shield and First Guardian Master Funds. "FSGA had a clear obligation to act in their best interests and provide appropriate, well supported financial advice. That did not happen here," AFCA lead ...