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Showing 441 - 450 of 4161 results for "Action"

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... comment on these proceedings or the subject matter of these proceedings." Just last month, APRA forced Cbus and BUSSQ to take action to address concerns around their CFMEU-linked directors. The CFMEU's construction and general divisions were forced ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
Former Courtenay House director Tony Iervasi has been sentenced to prison for 11 years, with a non-parole period of seven years, for his involvement in one of the nation's biggest Ponzi schemes. Between 13 December 2010 and 21 April 2017, Iervasi ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... $8500. Anderson blamed the federal government and the regulator for much of the debacle. This includes ASIC failing to take action against Dixon Advisory in a timely manner and then only focussing on advice issues in their ultimate civil penalty action ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... particular focus over the next year. "As always, we will back up our approach with a strong appetite for taking enforcement action where required to ensure that entities comply with the law and the community is protected." On the policy side, Lonsdale ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
Former financial adviser Ben Jayaweera will spend the next 12 years behind bars after he was found guilty of fraud again. Jayaweera was sentenced in a retrial at the Brisbane District Court yesterday after he was found guilty of 28 counts of fraud amounting ...

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
Close to half of those aged 18 to 39 are taking more action for their retirement in light of heightened cost-of-living pressures, a HESTA study reveals. These actions include salary sacrificing and using online calculators to keep track of their superannuation. ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... Consumers should receive the full protection of the law when dealing in crypto-asset products and we'll continue to take action to ensure this happens," Court said. In response to ASIC, a Kraken spokesperson argued that the organisation complies ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
Commonwealth Superannuation Corporation (CSC) has gone live with its retirement income strategy, unveiling a suite of retirement resources. The super fund said it's among the first to go beyond merely publishing information about what a strategy might ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... supervision powers to strengthen clearing and settlement facility standards, equipping them with the tools to take decisive action to monitor, mitigate, and reduce market risks, he continued. "The new powers include notification requirements, the power ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... admitting it misreported bond trading data to the Australian Office of Financial Management (AOFM) in 2022-23, and that action has been taken in response to poor behaviour by employees in its markets business. The regulator acknowledged that ANZ has ...