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

Search Results

Showing 541 - 550 of 18701 results for "Act"

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ...

RBA opts to keep cash rate on hold

ANGELIQUE MINAS  |  WEDNESDAY, 10 DEC 2025
At its meeting yesterday, the Reserve Bank of Australia (RBA) reached a monetary policy decision to keep the cash rate unchanged at 3.6%. In explaining why, the board warned of possible rate rises in 2026 as it takes a more cautious response to inflationary ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... Diversa is seeking financial assistance from the federal government under Part 23 of the Superannuation Industry (Supervision) Act 1993 (Cth). Diversa said it is currently in the process of preparing its Part 23 application and expects to submit the ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
ASIC is taking further action against Spice Capital Partners and its founder Colin Oxlade for providing unlicensed financial services and financial product advice that ultimately raised nearly $2 million from investors. ASIC alleges that Oxlade, who ...

Mulino taps super sector to help pay CSLR special levy

ELIZA BAVIN  |  WEDNESDAY, 10 DEC 2025
... Scheme of Last Resort (CSLR) as the 2026 special levy has blown out to $47.3 million. Mulino added the government needs to act to strengthen consumer protections and improve stability and confidence in the superannuation and financial services sectors ...

Prime Super awards fixed income mandate

RIDDHIMA TALWANI  |  WEDNESDAY, 10 DEC 2025
Prime Super has appointed MFS Investment Management to manage an active global fixed income mandate. The $9 billion super fund will invest in the MFS Global Aggregate Core Plus Fixed Income strategy, which seeks to outperform the Bloomberg Global Aggregate ...

Renters need twice as much super, risk poverty in retirement: SCA

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... Retirement Savings Targets for Renters has found that renters are at a real risk of retirement disaster if the government doesn't act. Long-term solutions need to focus on getting more people into affordable housing," he said. "But we've got a crisis ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... ASIC said Diversa did not exercise the same degree of care, skill and diligence as a prudent superannuation trustee would or act in the best financial interests of its members. It allegedly failed to exercise due diligence in developing, offering and ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... guidance for wholesale funds. In the catalogue, the regulator reminds fund operators of their obligations under the Corporations Act to do all things necessary to ensure that financial services covered by an AFSL are provided efficiently, honestly and ...

1659 First Guardian, Shield complaints reach AFCA

KARREN VERGARA  |  MONDAY, 8 DEC 2025
The number of Shield Master Fund and First Guardian Master Fund-related complaints lodged with the Australian Financial Complaints Authority (AFCA) has grown to 1659. AFCA said the latest figure represents the total as at December 3. AFCA did not provide ...