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Showing 471 - 480 of 4161 results for "Action"

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... pay $1 million in penalties for being "knowingly concerned" in the contravention. The consumer watchdog launched legal action against the institution in December 2022, leading the Federal Court to confirm that DG Institute has "made false or misleading ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
New Zealand Super Fund (NZSF) returned a whopping 17% in the year to May, outpacing many of its benchmarks. Under the new leadership of chief executive Jo Townsend, New Zealand's sovereign wealth fund is aiming to double in size from its current ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
... Australia's financial markets is a priority for ASIC. "ASIC monitors the cleanliness of our markets, and we take decisive action to disrupt activities that may impact cleanliness. This is why we took the action of entering social media forums and posting ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... which will be held as an overlay until all terms of the undertaking are met. APRA deputy chair Margaret Cole said: "This action shows that APRA is willing to take strong enforcement action where it is warranted. These MySuper changes came into effect ...

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ...

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
... on the Fiducian website. Fiducian confirms that it will continue to work closely with APRA to finalise any remediation action items," Fiducian said.

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... protections and undermines trust and confidence in Australia's financial services industry. ASIC is committed to taking action against the unlawful promotion of high-risk digital assets to protect Australian investors." "This matter sends a clear ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
... Australia. He said that the confusion between feeder funds and direct holdings could easily turn into a mass scale class action.

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... it, via the CSLR," Abood said. Dixon's parent company E&P Financial Group settled the recent Shine Lawyers-led class action for $16 million. Senator Andrew Bragg has been highly critical of how ASIC has handled the Dixon matter. In 2021, ASIC settled ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...