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

Search Results

Showing 561 - 570 of 1712 results for "Breach"

Venture capital firm in data breach

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
A US venture capital firm that recently won a mandate with the Future Fund is the subject of a cybersecurity breach that involved a phishing scam. Sequoia Capital informed investors last week that sensitive information has been accessed by a third party. ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
ASIC is encouraging people to dob in others who worked with them on market manipulation, insider trading or dishonest conduct in financial services - in exchange for immunity. ASIC says it can offer such individuals immunity from civil proceedings ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... terms and associated COVID-19 relief measures permit the capitalisation of loan interest, it was unclear whether this would breach Division 7A and result in the SMSF having to treat the loan as a deemed unfranked dividend, which would then have adverse ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
The woes of Crown Resorts seem far from over, and now scrutiny has turned to executive chair Helen Coonan - with some suggesting she should resign from AFCA before her term as chair ends in May. Today Crown announced that Coonan will be paid an extra ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Westpac announced risk management and rebuilding its culture will be its top priorities for 2021. The bank paid $105 million to about 548,000 customers it has wronged during the first quarter ending December 2020, as announced in a trading update this ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

Hostplus enhances ESG option

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... reserves, explore, mine, extract, produce, refine or generate energy from fossil fuels. It also excludes companies that breach human and labour rights; manufacture controversial weapons; operate in gambling; conduct live animal exports; produce tobacco ...

Super must prioritise cybersecurity risk: Report

KARREN VERGARA  |  MONDAY, 8 FEB 2021
The superannuation industry is not prioritising the threat of cybersecurity risk and lacks the systems and understanding to address such challenges, according to a new report. The survey conducted by The Gateway Network Governance Body (GNGB) and PwC ...