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Showing 511 - 520 of 4206 results for "Action"

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
The superannuation sector's biggest bodies are calling on the government to introduce legal reforms that would prevent family violence abusers from being able to access their victims' super. Existing laws permit abusers to claim an abuse victim's ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... it will retain responsibility for all inflight litigation relating to the advice business, including the ongoing class action related to commissions for advice and insurance advice. Proceedings for this case are listed for a four week trial in the first ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... required to cancel the licence of that entity." While the cancellation might not be "automatic" per se, Berry said such action ultimately sits with ASIC and how it carries it out. "But the legislation is really clear. [The] words in the legislation is ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... licence conditions by APRA in 2019 to address "a range of concerns" regarding its compliance. APRA previously said the action arose from issues identified during its ongoing prudential supervision of AMP Super, along with matters that emerged during ...

ANZ staff axed over treasury bond scandal

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
... been very clear with our people. Where we find any evidence of wrongdoing, those involved will be held accountable and action will be taken. The board will also lead a process to ensure consequences will be applied to senior executives, both past and ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... pay $1 million in penalties for being "knowingly concerned" in the contravention. The consumer watchdog launched legal action against the institution in December 2022, leading the Federal Court to confirm that DG Institute has "made false or misleading ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
New Zealand Super Fund (NZSF) returned a whopping 17% in the year to May, outpacing many of its benchmarks. Under the new leadership of chief executive Jo Townsend, New Zealand's sovereign wealth fund is aiming to double in size from its current ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
... Australia's financial markets is a priority for ASIC. "ASIC monitors the cleanliness of our markets, and we take decisive action to disrupt activities that may impact cleanliness. This is why we took the action of entering social media forums and posting ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... which will be held as an overlay until all terms of the undertaking are met. APRA deputy chair Margaret Cole said: "This action shows that APRA is willing to take strong enforcement action where it is warranted. These MySuper changes came into effect ...

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ...