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Showing 531 - 540 of 8407 results for "June"

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... sheets of Brite Advisors, which is now in receivership and liquidation, and provided required opinions for the years ended 30 June 2019 to 2022. Makowa admitted that he failed to carry out or perform the audits over this period adequately and in accordance ...

Super Fierce goes into liquidation

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
... assistance in switching, if needed. As first reported by The Australian, an ASIC notice shows that a liquidator was appointed on June 16. Mohammad Mirzan Bin Mansoor was named as the liquidator. On its website, which is still live, Super Fierce claims ...

SMC backs principles-based approach to corporate governance

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... stronger member trust and satisfaction," she said. SMC noted that the top 10 performing super funds over the decade to 30 June 2024 were all profit-to-member funds with representative governance models. It said over the past four years, super funds with ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... Separately, AFCA began accepting complaints relating to buy-now-pay-later (BNPL) products, including low-cost credit contracts on June 10. As of 10 June, BNPL products are regulated under the National Credit Act and BNPL providers must hold an Australian ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... corporate superannuation plans it manages, including shuttering one. The Tiffany & Co. Superannuation Plan has closed as of June 20 with members transferred to a Super Savings Accumulation account with ART. As a result, the structure of insurance, its ...

Airlie calls time on Concentrated Share Fund

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
... alternatives, we have determined that it is in the best interests of unitholders to terminate the fund." The termination is set for June 24. Incepted on 6 November 2012, the fund invested in Australian-listed companies and was available to wholesale ...

Increased local, international demand drives practice valuations

MATTHEW WAI  |  WEDNESDAY, 18 JUN 2025
... clients aged under 64 recorded the lowest increase in valuation, growing from 2.3x-3.0x to 2.5x-3.2x in the 12 months to June 2025. In risk insurance, clients under 55 are valued at 2.5x to 3.2x, and 2.1x-2.8x for those aged between 55 and 60. However ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... industry to see those entities that have contributed to the cost of the CSLR," they said. The consultation, which ended on June 13, proposed changes to AFCA's rules to reflect a recent authorisation condition issued by the federal government and to improve ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... Another failure is to conduct regular valuations of its schemes, as well as the loss of value in the underlying assets. In a June 12 investor update, Australian Fiduciaries said the "FY2024 financials have been drafted and are with the auditors. The ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... consumers who invested in the Shield Master Fund and the First Guardian Master Fund. ASIC said it cancelled FSGA's licence on June 7 for failing to take reasonable steps to ensure that two of its representatives provided financial product advice ...