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Showing 551 - 560 of 5391 results for "Federal"

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 ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... and other third-party service providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public in representing ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... investment schemes that hold real property, the fact that they are subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... the banking sector, with 80% pointing to such worries. According to the report, 70% of respondents believe that the US Federal Reserve will pause rate hikes, and an equal number consider gold an excellent hedge against general market volatility. Approximately ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
ASIC is taking former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors suffering significant losses. The corporate regulator believes Ryan put the interests ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... Furthermore, ANZ explained the acquisition is still contingent upon meeting additional conditions, including approval from the Federal Treasurer and potential amendments to Queensland legislation. "While the acquisition remains subject to these conditions ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... is typically the case with ASIC investigations. The case against Mawhinney and Mayfair 101 is set to be reheard in the Federal Court of Victoria following a decision by the High Court last year. Separately, Mawhinney is suing ASIC and deputy chair Sarah ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022. The ratings agency said this reflected cyclically weaker federal revenues, new spending initiatives and a higher interest burden. It doesn't foresee any substantive fiscal consolidation ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...