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Showing 541 - 550 of 5389 results for "Federal"

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... of capital return by 31 December 2023." The parties participated in a mediation on 29 June 2023, facilitated by former Federal Court judge Peter Jacobson. This was their second attempt at mediation, but they were unable to reach an agreement until AMP ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... the operation of the conflicted remuneration laws introduced in 2012. Now, that appeal has been dismissed by the Full Federal Court. Again, ASIC has said it will carefully consider the judgment. "ASIC pursued this matter because conflicted remuneration ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... in their homes. Home equity is four times the value of superannuation for the median retired household," he said. "The federal Retirement Income Review led the way globally by including home equity among the three pillars of retirement funding and Australia ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... preliminary assessment of potential liabilities associated with the advice practices central to the lawsuit. While awaiting the Federal Court's conclusive orders on the judgement, AMP chief executive Alexis George declared the financial advice and ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court against Bakken Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... of iMessage, WhatsApp, and Signal to discuss deals and other businesses of their employers, which amounted to violating federal securities laws. Failing to maintain and preserve required records, as a result, has deprived the SEC to obtain such communications ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... volatile investment products." "ASIC has long had concerns about these products, which were infamously described by one Federal Court judge as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... Bill 2022 which was tabled in February last year, after plans to reintroduce the exemptions were announced in the 2021 federal budget. Had the measures passed, they were due to be introduced in April this year. Consultation is open until September 8. ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... (ATO) to apply to advisers and firms who promote tax avoidance. It will also increase the time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. Further, it explained limitations ...