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

Search Results

Showing 41 - 50 of 2028 results for "Let"

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
ASIC has charged Kristian John Convery for acting as an SMSF auditor even after being permanently disqualified under the Superannuation Industry (Supervision) Act (SIS Act) by the regulator last year. ASIC said that Convery continued to act as an SMSF ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
... opportunity to reprimand the regulator at the annual Financial Advice Association Australia (FAAA) Congress, saying ASIC has let down 12,000 Australians who lost an estimated $1 billion to $1.2 billion. While it is apparent that there are many links ...

The Big Short's Michael Burry shutters fund

KARREN VERGARA  |  FRIDAY, 14 NOV 2025
Michael Burry, who reaped millions from the subprime mortgage crisis of 2007, has shuttered Scion Asset Management. Burry told investors in a note that "with a heavy heart, I will liquidate the funds and return capital but for a small audit/tax holdback ...

ASIC not acting as a 'market maker': Constant

ELIZA BAVIN  |  FRIDAY, 14 NOV 2025
... our enforcement work is showing that, like the risk of harm, together with the fact that we're not even in the strike zone, let alone approaching the middle or the sweet spot. We need data. We need to do something," Constant said. "To set everyone's ...

Housing Australia Future Fund under audit

ELIZA BAVIN  |  WEDNESDAY, 29 OCT 2025
The government's Housing Australia Future Fund (HAFF) is being audited by the Australian National Audit Office (ANAO), Auditor-General Caralee McLiesh has confirmed in a letter to Senator Andrew Bragg. In addition, McLiesh said the ANAO is also ...

CSC enters partnership with GPT with $860m sale

ELIZA BAVIN  |  FRIDAY, 24 OCT 2025
Commonwealth Superannuation Corporation (CSC) has sold a 50% stake in a Sydney premium-grade office tower to GPT Group for $860 million. The two entities have now also established a new office partnership, and upon completion of the investment, GPT ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
At any given opportunity, policymakers and industry leaders love to boast about Australia's 'world-class' $4.3 trillion superannuation system. While investments and performance have been impressive and the system has taken the pressure off the government ...

Feature: Retirement | Rewarding risk

LACHLAN COLQUHOUN  |  WEDNESDAY, 22 OCT 2025
Ben Hillier's 83-year-old mother recently went on her fourth overseas holiday this year. It was, says Hillier, at his insistence. A few years ago, his mother was convinced she wouldn't be able to travel anymore. She couldn't afford to do ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
The regulator has written to platform trustees in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. In its letter, it shared initial findings from the thematic ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
... early 2023, has also shuttered. They join a string of fintechs, such as Creativemass, that found it impossible to survive let alone scale in a difficult environment of regulatory strangulation, fierce competition and tepid investor interest. Meanwhile ...