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Showing 491 - 500 of 4161 results for "Action"

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... opportunity to respond to ASIC's application. A further Court hearing is listed to take place on Tuesday, 25 June 2024. This action follows previous action that ASIC took in February 2024 to halt new offers of investments in Shield. The interim orders ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... going to spend the next two years doing the same. "Where we find evidence of non-compliance, we will take the appropriate action - including enforcement action, where necessary." In addition to issuing the stark warning, Kirkland also gave his thoughts ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... ASIC guidance in RG271 [ Internal dispute resolution]." The survey also found that responsible managers are taking more action when there review results in a poor outcome, according to more than 50% of respondents. Nearly 20% of licensees do not have ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... "ASIC will actively enforce compliance with the CSF framework and will exercise its stop order powers or take enforcement action if necessary to address any breaches," it said. The interim order is valid for 21 days unless revoked earlier and Hirehood ...

Gender gap to close in 134 years: World Economic Forum

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
... World Economic Forum managing director Saadia Zahidi said. "We cannot wait until 2158 for parity. The time for decisive action is now." Women's representation in the political sphere increased at the federal and local level, though top-level positions ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
As the number of business insolvencies spike, workers will soon be able to claim unpaid superannuation owed to them by defunct employers under the Fair Entitlements Guarantee (FEG) Recovery Program. From 1 July 2024, staff who worked for employers that ...

QIC adds to streak of venture capital investments

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... investment in renewables and cutting-edge conservation solutions. Queensland is rapidly emerging as a global leader in climate action, and this positions Sprint to be at the forefront of sustainability investing, partnering with entrepreneurs, universities ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
... mistake, it won't automatically exclude it, but would assess whether the mistake indicates a systemic problem, and what action has been taken to fix the mistake and stop it happening again. The super fund also added more determined language around companies ...

HESTA pushes for expediated advice reforms

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
HESTA has reported a "real shift" in how its members want to engage with their superannuation, leading it to urge the government to release tranche two of the Quality of Advice Review reforms. The $89 billion industry fund noted a strong demand for ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
The Australian Financial Complaints Authority (AFCA) is set to kick out Dixon Advisory & Superannuation Services (DASS) as a member over the next few weeks. AFCA announced on May 28 that the administrator of DASS has 21 days to reply to the proposal. ...