Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 501 - 510 of 2024 results for "Application"

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... group of approximately 60 investors applied to adjourn ASIC's hearing, however, the corporate watchdog claimed "that application was not supported by any affidavit material, let alone affidavit material to indicate that there may be some point to the ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
The Financial Services Council (FSC) has called on the government to implement a two-year trial of a scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most. The COVID-19 crisis has seen ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... provided a client with a false letter of approval for a home loan with St George. At the time, there was no home loan application lodged on the client's behalf. ASIC also found that Gordon failed to comply with his obligations under the National Credit ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
The Australian Federal Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
New modelling from Grattan Institute found most Australians will have a comfortable retirement even if they have taken advantage of the government's early release scheme. The government recently extended the ERS scheme, allowing individuals who have ...

APRA reopens for licences

ANNABELLE DICKSON  |  MONDAY, 10 AUG 2020
APRA will recommence issuing banking, insurance and superannuation licences after suspending the issuing of new licences due to the challenges new entrants would have been faced in light of economic uncertainty. The prudential regulator will also resume ...

First company lists on Sydney Stock Exchange

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... was the first under the exchange's new strategy and that several more companies were well advanced in the listing application process. "Last year we announced we were focusing on providing a flexible, efficient alternative for growth companies to list ...

Regulatory, legal exam questions trip up advisers

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... Anti-money Laundering Act were among the areas where advisers were most likely to underperform. Understanding the application of the FASEA Code of Ethics and the Corporations Act to advice scenarios also proved challenging to many. So too did the identification ...

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... scheme, payments made to eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within APRA's five business day limit. Over the week to July ...