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Showing 481 - 490 of 668 results for "Penalty"

SG non-payment is an 'easy fix': ISA

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... wage cycles. The government should also extend single touch payroll coverage to all employees or tighten enforcement and penalty regimes, he said. "Both the senate committee and an inter-agency group established by the Financial Services Minister have ...

Prospectus lodged for ethically screened LIC

EMMA RAPAPORT  |  MONDAY, 13 MAR 2017
... paper by Verheyden, Eccles & Feiner. "The findings of the paper show that - at the very least - there is no performance penalty from screening out low ESG-scoring firms of each industry." According to the US SIF Foundation, more than $8 trillion of the ...

In search of that elusive Australian animal spirit

BENJAMIN ONG  |  FRIDAY, 24 FEB 2017
Yesterday's decision by the Fair Work Commission to slash Sunday and public holiday penalty rates for hospitality, restaurant, fast food, retail and pharmacy workers threw another spanner in the works for RBA Governor Philip Lowe's positive outlook ...

Mercer launches LifetimePlus 2.0

ALEX BURKE  |  TUESDAY, 21 FEB 2017
... Wrap and other platforms shortly. Mercer also extended LifetimePlus' free-look period, wherein there is no withdrawal penalty, from 30 days to two years. "These three design changes really improve the value proposition of LifetimePlus to the retiree," ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
... Tindall argued that a lesser fine should be applied as he gained no financial benefit by his actions, and that a heavy penalty would cause significant financial harm, but the CRC dismissed his claims, stating that expulsion was necessary for the protection ...

Bus operator fails to pay super

EMMA RAPAPORT  |  MONDAY, 30 JAN 2017
... workers continued to perform their duties in the same manner, but were not paid compulsory superannuation or additional penalty rates totaling $43,477.21. The FWO alleged this action constituted 'sham contracting' as the workers were not genuinely engaged ...

Industry funds blame ATO for super underpayment

EMMA RAPAPORT  |  WEDNESDAY, 25 JAN 2017
... Superannuation Guarantee payment efficiency and transparency. In 2015-16, ATO compliance action resulted in 877 director penalty notices issued for super guarantee debt of $130 million.

ASIC imposes $40,000 penalty

EMMA RAPAPORT  |  TUESDAY, 17 JAN 2017
Financial services firm Pershing Securities paid a $40,000 infringement notice issued by ASIC's Markets Disciplinary Panel after a failure of its automated processing system. In a statement released by ASIC, the Markets Disciplinary Panel said they ...

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products. The US Commodity Futures Trading Commission found that, between January 2007 and March 2012, traders in New York - including the head of ...

ACCC slams Macquarie and ANZ for cartel conduct

ALEX BURKE  |  FRIDAY, 25 NOV 2016
... 2010." ANZ has admitted to 10 instances of cartel conduct; Macquarie has admitted to eight. ANZ has suggested a pecuniary penalty of $9 million (plus costs for the ACCC) and Macquarie has submitted a penalty of $6 million (also plus costs). "These proceedings ...