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Showing 441 - 450 of 6921 results for "Act2"

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
ASIC has taken Choosi to the Federal Court for allegedly failing to provide a range of comparable options on life and funeral insurance policies to customers and instead flogging products solely from Hannover Life Re. From at least 1 July 2019 and to ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
The National Minimum Wage and all modern award minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a ...

ASIC blasts managed funds' poor compliance plans

KARREN VERGARA  |  MONDAY, 2 JUN 2025
Too many responsible entities (REs) of managed funds are falling short of their obligations to adequately address design and distribution obligations (DDO), the reportable situations regime and internal dispute resolution processes and reporting (IDR) ...

Aware Super beefs up sustainability team

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
High-profile ethics and impact manager Desiree Lucchese has joined Aware Super as the reporting manager for climate change and sustainability. In her new role, Lucchese will blend technical expertise with change management to serve as a liaison across ...

BlackRock to list its first active ETF in Australia

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
BlackRock Australia is set to launch its first local active ETF, bringing a US equities strategy. The iShares US Factor Rotation Active ETF (ASX: IACT), expected to list on the ASX in mid-June, is priced at 0.45%. It aims to outperform the broad US ...

Coalition names shadow treasurer, financial services minister

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
The Coalition, following its election defeat and brief split, has unveiled its shadow ministry. Leader of the opposition Sussan Ley confirmed that Ted O'Brien will act as deputy leader and shadow treasurer, while Pat Conaghan will act as shadow assistant ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
QSuper, which merged with Sunsuper to create Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement ...

'Going corporate' key to family business success: KPMG

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
Corporate structures in family businesses including having a board, M&A activity, and capital investment are key to achieving growth in family businesses, according to the latest KPMG Enterprise/STEP Global Family Business report. The new report - which ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ...

Why emotions, cash derail good investments

KARREN VERGARA  |  FRIDAY, 23 MAY 2025
While we know that during turbulent times it is critical not to let emotions get in the way of investing, an investment expert and former policymaker says it is equally important to remain active and not lean in on cash. Amid the volatility and frenetic ...