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Showing 581 - 590 of 8713 results for "Regulator"

Guilty plea entered in Ponzi scheme case

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
A man who carried on a financial services business without and AFSL and duped investors out of nearly $2 million has pleaded guilty to dishonest conduct and dealing with proceeds of crime. Ashley Arandez pleaded guilty to dishonest conduct, unlicensed ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
APRA has placed an additional $5.5 million capital requirement and additional licence conditions on KeyInvest over risk framework flaws and questionable long-term objectives. KeyInvest is a life insurance company and friendly society that primarily ...

HESTA snags Equip Super risk chief

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
HESTA has named its new chief of risk, recruiting from Equip Super. Natalie Alford will join HESTA as chief risk officer on November 3 after an eight-year tenure at Equip Super as chief risk officer. At HESTA, Alford will support the group's risk ownership ...

Lederer Group bids for Elanor Commercial Property Fund

KARREN VERGARA  |  TUESDAY, 5 AUG 2025
Lederer Group is attempting to acquire ASX-listed Elanor Commercial Property Fund (ECF), which has a portfolio valued at more than $500 million. Elanor Funds Management, the responsible entity (RE) of ECF, said it is considering Lederer Group's ...

Productivity Commission recommends corporate tax cut

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
A new Productivity Commission (PC) proposal suggests slashing Australia's company tax rate would boost GDP by $14 billion with no net cost to the Budget over the medium term. Draft recommendations in its interim report, Creating a more dynamic and resilient ...

Australian investment in venture capital lags: SMC

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
Super Members Council (SMC) has said with the right policy settings, Australia's $4.2 trillion superannuation system could jump-start productivity and generate stronger investment returns for members by better connecting capital with scientific minds ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... meanwhile, and their input into the super-switching problem that has reached "industrial scale" are not off the hook. The regulator is also zeroing in AFSLs. "There's a reason why we are focusing on the role of licensees in our enforcement work - ...

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
... to a high standard. "The decision to review the code and the industry's intention that it be registered with the regulator underline's a commitment to continually improving and achieving positive customer outcomes," Delaney said. "Zurich looks ...

Adviser banned for PRP supervision failures

MATTHEW WAI  |  THURSDAY, 31 JUL 2025
A financial adviser that did not properly supervise a provisional relevant provider (PRP) is now banned from the industry for five years. Ian Wailes Potter of Superannuation Advice Australia has been banned from providing any financial services, controlling ...

Mulino sits on Tranche 2 for now, grapples with complexity

KARREN VERGARA  |  WEDNESDAY, 30 JUL 2025
Minister for financial services Daniel Mulino says releasing the next exposure draft for the "complex" second tranche of Delivering Better Financial Outcomes (DBFO) reforms is a top priority, but the financial advice sector should not expect it anytime ...