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Showing 421 - 430 of 4161 results for "Action"

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
AustralianSuper has changed the way it invests deceased members' funds and refreshed the investment objectives for two options. As of October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... court appoint liquidators to GCPF. Justice Neskovcin also varied the freezing orders to allow the liquidators to take any action regarding GCPF's property. GCPF must now pay several ASIC legal costs.

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) and OnePath ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify the ASX that $791 million of the $2.5 billion of the shares were to be acquired ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... professional development obligations, or for not being a fit and proper person to remain an approved SMSF auditor. This action was in addition to the 15 SMSF auditors, engaged in 'in-house audits,' that ASIC announced it acted against in March 2024. ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
The monthly Consumer Price Index (CPI) indicator rose 2.7% in the 12 months to August 2024 - down from 3.5% in July, according to the latest data from the Australian Bureau of Statistics (ABS). Falls in fuel (-7.6%) and electricity (-17.9%) were significant ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... from the ASX, claiming the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, the board said, noting ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... Sarah Court said that superannuation portability and choice of super fund are important member rights. "ASIC brought this action to clarify the law around those rights and to emphasise the critical responsibility of trustees to provide accurate information ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... directors and senior management played, what role product played, and why ASIC failed to adequately investigate and take action in a timely way, despite numerous complaints from as early as 2008," she said. "An inquiry is essential to understanding the ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...