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Showing 461 - 470 of 4207 results for "Action"

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... financial climate where borrowers are more likely to be at risk of serious financial hardship. ASIC will continue to take action where we consider business practices are designed to avoid consumer credit protections." In August, a spokesperson for ASIC ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... responsibility of trustees to put the best financial interests of members first. It's time to see that translate into action, without exception. There is no room for cynicism in this important task." Balanced view on marketing expenses needed: ASFA ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... financial firms and address any "poor uses" of AI a key focus area in its latest Corporate Plan. It will take enforcement action if appropriate and where necessary.

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Charter Hall, Hostplus takeover offer for HPI rejected

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... HPI said the unsolicited offer was "opportunistic". "HPI's directors continue to recommend that security holders take no action in relation to any correspondence from Charter Hall Retail REIT and Hostplus," HPI said.

BNP Paribas shutters EARTH Trust

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
... "Under these circumstances, we believe the fund can no longer meet its purpose. Therefore, we consider the best course of action is to bring about the timely closure of the fund," Equity Trustees said. The EARTH Trust was made available to Australian ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
AustralianSuper has changed the way it invests deceased members' funds and refreshed the investment objectives for two options. As of October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... court appoint liquidators to GCPF. Justice Neskovcin also varied the freezing orders to allow the liquidators to take any action regarding GCPF's property. GCPF must now pay several ASIC legal costs.

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) and OnePath ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify the ASX that $791 million of the $2.5 billion of the shares were to be acquired ...