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Showing 421 - 430 of 4263 results for "Action"

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... procedures and guidelines on the circumstances in which it may permanently remove a debt, defer or discontinue recovery action, or provide other types of relief for tax liabilities incurred because of financial abuse. In a bid to hold perpetrators to ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... regulator was not prepared to wait for the possibility of a serious prudential problem crystallising at ANZ before taking action. "ANZ remains financially sound with robust levels of capital and liquidity, however problems with the bank's management ...

Investors called on to help end modern slavery

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... involves getting curious and asking not what actions you took, but rather what you achieved as a result of those actions. Action is a choice." Evans said he will be advancing the debate in Australia about how businesses and investors can strengthen their ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... observed'. A rating of 'not observed' is made when the RBA has identified serious issues of concern that warrant immediate action. "It is deeply disappointing that the regulators need to take these actions today. But they are necessary. ASX operates ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... next financial year. "APRA is forward-looking and outcomes-focused - identifying prudential risks and taking proactive action to prevent harm before it can occur, assisting in minimising regulatory burden, and facilitating competition and innovation," ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... from ASIC's use of the new powers, and we encourage ASIC to continue using these new tools judiciously to prevent and take action against wrongdoing," Mulino said.

CBRE taps industry veteran for research head

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
CBRE has appointed a new global head of research to lead the team tasked with advising investors on the forces shaping the commercial real estate market. Henry Chin succeeds Richard Barkham, who will retire at the end of June. A more than 10-year veteran ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... Competition Review by Treasury that found minimum wage workers were being sued by former employers or threatened with legal action if they tried to switch jobs. The government said eradicating such clauses could life the wages of workers by up to 4% ...