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Showing 31 - 40 of 898 results for "Compensation"

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... people to check if their super was affected. "There are hard deadlines, and once they pass, people may miss out on compensation," SCA chief executive Xavier O'Halloran said. Most people who make a successful complaint to AFCA will be entitled to up to ...

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... with access to the ATO portal and simplifying and enhancing the tax deductibility of advice. As the ASIC levy and Compensation Scheme of Last Resort (CSLR) are increasing cost burdens on the sector, the cost of advice is also rising, and more people ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... of consumer safety measures should also repeal the decision to force low-income workers to cover the cost of the Compensation Scheme of Last Resort (CSLR), while excluding wealthier Australians with self-managed super funds (SMSFs), the SMC said. The ...

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
Interprac Financial Planning will need to pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. ...

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... access, via a court order, to additional personal or salary sacrifice super contributions made by the offender if compensation remains unpaid after 12 months. Historically, many offenders have deliberately hidden millions of dollars' worth of assets ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... Mulino's suggestion that the professional indemnity insurance (PII) sector be made to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable. "Right now, the CSLR is constantly running out of money, and almost a year ...

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
... well positioned to respond to an uplift in the practices and regulatory changes. It also said the First Guardian compensation payments remain on track to be in member accounts by 30 January 2026, with positive feedback from stakeholders on its resolution ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... adviser made that risk acceptable in the circumstances," the summary read. EQT concluded that "ASIC has not sought compensation from any of those parties despite having taken action against most of them in respect of Shield." "ETSL has always approached ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... complainant's losing their trauma insurance, AFCA said. "In this case, the complainants were entitled to almost $96,000 in compensation for the inappropriate advice, up to $5000 to wind up the self-managed super fund, and one of the complainants was ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... accountability by the regulators and licensees [is needed] for those who do the wrong thing rather than pushing the compensation on the advisers and businesses who are acting in their clients' best interests," she said. "Prevention of these failures ...