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Showing 471 - 480 of 6172 results for "Statement"

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
Mayfair 101 says its noteholders have been left devastated by new sales data that suggests the Mission Beach real estate portfolio has increased in value by as much as $170 million. Mayfair 101 purchased the portfolio of 200-plus properties in 2019. ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... Forex and CFD trading platform, which services mainly Chinese-speaking clients, failed to lodge its annual financial statement and audit report for last financial year. Prospero's licence suspension means it cannot provide financial services until at ...

Treasury to refresh financial adviser exam

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... cost of administering exams and improves response times for exam candidates to receive their results," the explanatory statement reads. Treasury also proposes to remove the requirement that only provisional relevant providers and existing advisers can ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Statements (FDS) in its response to the first round of reforms. Currently, advisers must produce an annual Fee Disclosure Statement (FDS), a renewal notice, and a client fee consent form. While the FAAA said it is supportive of reducing these to one ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... periods were advised of relevant premium increases averaged over a two-year period," a OnePath spokesperson said in a statement. "This adjustment was made to ensure that customers can continue to receive the protection they expect should they need to ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... auditors by all the SMSFs that invested with Maliver on the assumption they experienced the same issues as his client. "Our Statement of Claim makes it clear that there are multiple occasions in which auditors ought to have, if they discharged their ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial year for members in Hostplus Super, Personal Super, and the Executive ...

FSCP issues another registration prohibition order

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
The Financial Services and Credit Panel (FSCP) made another registration prohibition order against a financial adviser who tried to recommend an SMSF and investment products that were not suitable to a client. Melbourne-based Stephen Rogers, a representative ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... conduct an operational effectiveness review of the controls and frameworks in place at NGS aligned to CPS 234. In a statement, NGS said it is working with APRA to meet the additional requirements. "We've reviewed our processes and acted to further strengthen ...

RBA names new chief economist

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... unique and diverse perspective to the Bank and the leadership team." Today, Bullock and the RBA board agreed to a new Statement on the Conduct of Monetary Policy released by treasurer Jim Chalmers. This statement reaffirms the government's commitment ...