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Showing 421 - 430 of 1725 results for "Provisio"

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
The Association of Financial Advisers has called on the government to provide a wage subsidy to financial advice practices to encourage employment of new entrants needing to complete their professional year. In its pre-Budget submission, the AFA has ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
QBE has lost its final effort to overturn the UK Supreme Court decision against it in relation to policy wording issues, losing its appeal bid in the High Court. The test case was launched by the UK Financial Conduct Authority (FCA) to resolve legal ...

ASIC takes fintech to court

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
The corporate regulator has initiated action against a fintech for allegedly misleading customers about the benefits of investing in residential property in self-managed superannuation funds. Squirrel Superannuation Services, an SMSF platform provider ...

Real AM considers listing new REIT

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
Real Asset Management (RAM) said it is considering listing an essential services REIT on the ASX next year after acquiring three regional hospitals for $100 million. The hospitals, previously owned by Canada's Northwest Healthcare Properties, include ...

Jail time for tax adviser

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
The Federal Court has sentenced a tax adviser to seven and a half months in prison and fined him $640,000. Brisbane-based Kent Scott Hacker will spend Christmas behind bars after receiving the seven and a half months sentence. He, and his related companies ...

Missing Caddick's mansion on the line

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
The Federal Court has appointed receivers to the property of self-proclaimed but unlicensed financial adviser Melissa Caddick, who has been missing for a month. Following a successful ASIC application, the court appointed receivers to Caddick's property ...

Industry fund renews Link partnership

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
A $54 billion superannuation fund has reappointed Link Group as its administrator. Cbus will continue to use Link's services in the areas of administration, system integration, innovation, data supply and security. The partnership will also provide ...