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Showing 591 - 600 of 3550 results for "October 2015"

Ampol to sell 49% of Z Energy Properties to Charter Hall

CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
Ampol said Charter Hall's Retail REIT (CQR) will acquire a 49% interest in properties owned by its wholly owned subsidiary, Z Energy, for NZ$132 million. Z Energy will keep a 51% stake and the transaction is expected to complete in October. A statement ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had ...

Vanguard granted RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
Vanguard expects to launch its product before the end of the year, having been handed a registrable superannuation entity licence. APRA granted a new RSE licence to Vanguard Super Pty Ltd, the trustee of Vanguard Super, yesterday. In an update, Vanguard ...

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Effective October 1, Matt Heine will become the sole managing director of Netwealth, as his father steps back from day-to-day management. The news came as part of Netwealth's results announcement this morning, with Netwealth saying Michael Heine ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
ASIC has so far secured more than $102 million in remediation for Freedom Insurance customers and is urging anyone else who purchased life cover through the now-defunct insurer to come forward. Freedom Insurance went out of business after ASIC's review ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
ASIC has banned Perth-based director Sharree Grace Hutchinson from providing financial services for six years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021 ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
ASIC has said it is focused on improving the breach reporting regime that came into effect last October, following concerns that it's not operating as intended. The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
APRA is proposing to introduce new minimum standards for super funds in managing operational risk, opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum ...

Super fund for women closes

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
A superannuation fund that targeted women has quietly closed after three years in market. FairVine Super, a sub-plan of Aracon Super, launched in May 2019 with a product specifically designed for women. The offering included a 'FairRewards' ...