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Showing 451 - 460 of 4161 results for "Action"

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... ongoing review of directors, who must pass a fit and proper assessment. Bragg, however, criticised Cbus for not taking action to remove these board members despite allegations of "thuggery, organised crime, and corruption." This includes claims that ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... under the scheme will see their licence revoked. While the cancellation might not be "automatic" per se, Berry said such action ultimately sits with ASIC and how it carries it out. "But the legislation is really clear. [The] words in the legislation ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
Super Members Council chief executive Misha Schubert has defended the selection requirements for superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... allocated to long-dated developments in offshore businesses has impacted returns and has necessitated substantial further action. "As we transition to focus on our Australian business, which has a backlog of $3.9b and a strong preferred book, we'll ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... with respect to the potential outcomes, ASX cannot reliably estimate any potential future financial impact of ASIC's action against ASX," ASX managing director and chief executive Helen Lofthouse said. "It is possible that ASX may be subject to legal ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... around $2.6 billion in assets under management, to address data concerns ahead of the superannuation performance test. The action came after the prudential regulator identified issues with the accuracy and completeness of data submitted previously, which ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... calls from ASIC, APRA and AFCA," Constant said. "Quite frankly, our patience is running thin - we want to see meaningful action now. "We need funds to be transparent, accountable, and member-focused in how they consistently deliver for Australians both ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... two-decade high, there's no room for hesitation. A 25 basis point cut might signal a shift, but it's not the aggressive action needed to stave off a potentially devastating landing," Green said. "The case for a bold 50 basis point cut in September ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... and Welfare found. "We've waited too long for governments to act, so now we're using shareholder power to take action," said Reverend Tim Costello, chief advocate of AGR and former chief executive of World Vision Australia, in a press statement. ...