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Showing 431 - 440 of 2617 results for "Loan"

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect interest rates. This is the first time ASIC has filed multiple proceedings against one entity at the same ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved home ...

CCIV legislation introduced

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The Corporate Collective Investment Vehicle (CCIV) regime is back on the agenda, with the government introducing legislation to attract more foreign investment yesterday. Under the regime fund managers will be able to use a corporate structure with ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... five key areas of relief that SMSFs should factor into this year's superannuation reporting. They are: Rental relief Loan repayment relief In-house asset relief Minimum pension drawdowns SMSF residency relief With property making up a significant ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
ASIC is suing MLC over insurance failures spanning more than 20 years. The regulator commenced civil penalty proceedings in the Federal Court for insurance policy and service failures that occurred between 1999 and 2020. The action is against MLC Limited ...

InvestSMART launches ethical product

ANNABELLE DICKSON  |  THURSDAY, 18 NOV 2021
... providing exposure to a diverse range of asset classes," InvestSMART said. The new portfolio is eligible for a Fundlater loan which allows lower-balance investors to invest $10,000 now in ETF portfolios with a $4000 initial investment, with the rest ...

Link allows BCM due diligence

ANNABELLE DICKSON  |  WEDNESDAY, 17 NOV 2021
... development comes after PES and a group of firms offered €55m (AUD$86.5m) for the unit, which operates as BCMGlobal, a loan and asset management service provider. If the syndicate is successful, PES will then acquire BCMGlobal's non-Irish businesses ...

Pallas launches debt facility

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... $1 million to $15 million. "PFT has been designed to focus its lending business in this borrower segment. In addition, the loan types that PFT funds, such as value-add investment loans, residual stock and pre-development loans are the loan types the ...

Brokers warn of looming disaster

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... next year with rising inflation - could be catastrophic for our nation." White pointed out that, based on the average home loan amount, an increase of $300 is only about a 1% raise to mortgage payments. "1% is not a large increase. It will happen and ...