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Showing 581 - 590 of 3963 results for "Law"

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
In its final report on the 'confusing maze' of financial services laws, the Australian Law Reform Commission (ALRC) has recommended overhauling the Corporations Act and creating dedicated financial services legislation. The ALRC has been reviewing existing ...

J.P. Morgan pays US$18m over whistleblower rule breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2024
The investment giant was in hot water for blocking hundreds of retail clients from reporting potential securities law violations by having them sign confidential release agreements when receiving credits or settlements more than US$1000 ($1518). The ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
An overwhelming majority of experts and economists (89%) expect the Reserve Bank of Australia (RBA) to hold the cash rate in February, according to the latest Finder RBA Cash Rate Survey. The study, which surveyed 19 experts and economists, also found ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
The Financial Advice Association Australia (FAAA) expects a year of positive change, including cutting costs for advisers, greater engagement with consumers, and rising adviser numbers. Outlining its priorities and expectations for 2024, the FAAA has ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
Just days before Christmas, an Insignia Financial shareholder class action borne out of the Royal Commission was dismissed, with the judge saying there was no evidence provided to prove the group breached disclosure requirements. The class action was ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
Financial adviser and finfluencer Canna Campbell was found guilty of infringing the trademark "Financial Foreplay" in her podcasts. The Federal Circuit and Family Court of Australia determined that the founder of SugarMamma TV and SASS Financial used ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... do so; is not adequately trained or competent to provide financial services; and is likely to contravene financial services law. ASIC believes that about 40 clients were affected and some $3.5 million invested was not approved by Shaw and Partners. He ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... changes to their systems and processes that would be required to standardise fee consent, unless they are required to do so by law," she said. One option of two options is to remove the requirement for product issuers to verify each individual client ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... latest class action believes that SMSF clients should get all their money back. Michael Chapman, a director at Melbourne-based law firm Mackay Chapman, told Financial Standard that SMSF auditors failed in their duties, and if they had not failed in those ...

Boards unprepared for new workplace laws: Research

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023
New research finds most directors are concerned their boards aren't fully ready to meet new workplace sexual harassment laws introduced this week. Effective December 12, the Australian Human Rights Commission is now enforcing the Positive Duty under ...