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Showing 511 - 520 of 6678 results for "Public"

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... insurers to deal fairly and in good faith with customers is a 2025 enforcement priority. The priority also seeks to enhance public confidence in the insurance industry by encouraging life insurers to "uplift" their claims handling processes and ensure ...

State insurer names new CIO as government review looms

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... actuarial firm Finity will examine its operational performance. The reviews reflect growing political attention on the public insurer's management of its assets. During his 12 years at New Zealand's sovereign wealth fund, Everson most recently ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... Interestingly, the most reports came in from the health services sector and the Australian government, with the OAIC saying the public sector significantly lags the private sector when it comes to identifying and notifying breaches. Of the total, 63% ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... 2017. The criminal matter has been adjourned to July 4. This matter is being prosecuted by the Commonwealth Director of Public Prosecutions. Each offence of fraud under the Criminal Code in Western Australia carries a maximum penalty of seven years imprisonment ...

Bill Gates to shutter Gates Foundation in 2045

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... of the foundation in the US. The foundation is funding initiatives to increase graduation rates and providing support to public schools, particularly to assist in overcoming barriers facing Black and Latino students. The foundation is also working with ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

ASX outlines opportunities in listed markets amid IPO slump

MATTHEW WAI  |  FRIDAY, 9 MAY 2025
... compared to $3.01 trillion in 2024), the market regulator has several concerns, including the recent decline in initial public offerings (IPOs). Over the past year, the number of IPOs has plummeted, decreasing by nearly 100 listings. The exchange also ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... Accountants ANZ, CPA Australia, Financial Advice Association of Australia, Institute of Certified Bookkeepers, Institute of Public Accountants, SMSF Association and The Tax Institute. While legislation is yet to be enacted, Payday Super is slated for ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... two decades, the Future Fund operated under a commercial-first mandate, focused squarely on maximising returns to cover public sector pension liabilities - "a classic rainy-day fund." But under prime minister Anthony Albanese and treasurer Jim Chalmers ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... Delivering Better Financial Outcomes 2 (DBFO) and unfair trading prohibition. The election also upended the highly anticipated public inquiry into the failures of Dixon Advisory, which was slated to provide a report by the last sitting day of March 2025. ...