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Showing 571 - 580 of 5208 results for "2015-16 ASIC"

Intergenerational wealth picture 'bleak': Grattan

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
Grattan Institute chief executive Aruna Sathanapally said it is the job of all Australians to ensure the younger generations have a "sense of hope" about the future rather than the sense that they are being "systematically screwed over". Speaking at ...

Blockchain platform MezFi launches

KARREN VERGARA  |  MONDAY, 18 NOV 2024
Newly launched blockchain platform MezFi is offering retail investors access to property investments designed for the wealthy via Digital Fund Tokens (DFTs). The platform essentially houses MezFi Fund 1, an ASIC-registered managed investment fund that ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... Securities and Investments Commission (ASIC) has filed proceedings against National Australia Bank (NAB) in the Federal Court. ASIC alleges NAB failed 345 of its customers at their most vulnerable when they applied for hardship support from the bank. ...

Treasury consults on beneficial ownership disclosure reforms

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
... derivatives. A person must also disclose a substantial holding in an entity at the time it initially lists on a financial market. ASIC would also receive enhanced powers under the amendments, relating to the format of substantial holding notices and ...

AustralianSuper well placed to achieve mega-scale ambitions: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
AustralianSuper has the right strategic recipe and leadership to continue delivering for members, but there are some areas to keep an eye on, Morningstar says. Releasing its review of the nation's largest superannuation fund, Morningstar said the fund's ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
ASIC commissioner Simone Constant has told the ASIC Annual Forum that the regulator is watching potential risks to financial stability as the superannuation sector grows. Questioned on her thoughts around the recent Reserve Bank of Australia (RBA) report ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal Court on August 13. ASIC has alleged that the ASX made statements on 10 February 2022 relating to the previous CHESS replacement project that were ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies. While the corporate regulator heightened its ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... adverse changes and that the Selfwealth board unanimously recommend that shareholders vote in favour of its proposal. In 2021, ASIC slapped AxiCorp with additional conditions for several compliance failures. AxiCorp's AFSL was suspended for four ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... regulator also has its sights on offshore outsourcing arrangements in financial services. In its 2024-25 Corporate Plan, ASIC wrote that it will "review how investment managers and financial advisers manage the risks of using offshore service providers." ...