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Showing 31 - 40 of 296 results for "Ruling"

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The Australian Taxation Office (ATO) has issued a draft update to its tax ruling TR 2023/4 for consultation which determines when a person is considered an employee under the Superannuation Guarantee (Administration) Act 1992 (SGAA). The draft update ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... annuity policy that is deemed unfair or unreasonable. AFCA's remit has now been expanded on the back of a Federal Court ruling in a MetLife case whereby the super complaint did not meet the definitions of section 1053 and thus was outside of AFCA's ...

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... that will best ensure that inflation returns to target in a reasonable timeframe remains uncertain and the board is not ruling anything in or out," it said. "The board will rely upon the data and the evolving assessment of risks. In doing so, it will ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... economists. GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the "not ruling anything out" mantra the board has stuck to in recent months. "In the wake of the data flow since the board last met ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
ASIC has appealed the Federal Court's decision to dismiss its proceedings against Finder Wallet. The corporate watchdog claimed that Finder Wallet provided unlicensed financial services, breached product disclosure requirements, and failed to comply ...

Canna Campbell slapped with $114k legal bill

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... to push the lie that she had removed the content earlier," she said. Commenting on the decision, Korolak said that the "ruling should surprise no one - costs normally follow the party that wins." "Campbell was kidding herself when she tried to argue ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... major banks engaging in successful co-ordination," Halley said. ANZ chief executive Shayne Elliott said the tribunal's ruling was a "significant milestone and an important step forward." "Suncorp Bank is a high-quality business with a strong team ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... compensated workers with higher pay rates and bonuses at the expense of benefits like annual leave loading and overtime. The ruling was announced not long after Commonwealth Bank reported a half-year profit of $4.8 billion. The FSU played a key role ...