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Showing 601 - 610 of 8706 results for "Regulator"

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
ASIC is suing Fortnum Private Wealth for allegedly failing to manage and comply with its cybersecurity obligations that exposed the information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
Jho Low, the man accused of defrauding Malaysia's sovereign wealth fund, is reportedly living in Shanghai under a Greek alias with a fake Australian passport. Investigative outlet Brazen is reporting that Low, who has been on the run for several years ...

McKell Institute calls for CGT 'circuit breaker'

ELIZA BAVIN  |  MONDAY, 21 JUL 2025
A new paper from the McKell Institute calls for a major shake-up of capital gains tax (CGT) via a 'circuit breaker' proposal to the stalled national housing debate. The paper suggests increasing or decreasing the CGT discount is too simple of ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... unregistered. Both licensees immediately registered the advisers in question after becoming aware they were not, ASIC noted. The regulator also noted that the court could impose a fine of $62,600 for each offence, and said it considered the licensees' ...

Investors 'ignoring' volatility: Schroders

ELIZA BAVIN  |  THURSDAY, 17 JUL 2025
The Schroders 2025 mid-year investment outlook has said investors are suffering from "volatility fatigue" as they are increasingly ignoring the ongoing geopolitical risk, economic volatility, and policy uncertainty. Schroders said instead, investors ...

IFS recovers $226m in unpaid super

MATTHEW WAI  |  WEDNESDAY, 16 JUL 2025
Industry Fund Services (IFS) has collected more than $226 million of unpaid superannuation in the previous financial year, bringing its total recoveries to over $2 billion to date. Despite the effort, the ability to easily recover super is still a fair ...

Former BBY chair charged with aiding dishonest conduct

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JUL 2025
The former executive chair of defunct stockbroker BBY Limited is now facing charges in relation to BBY's misappropriation of client funds. Glenn Rosewall was charged with two offences related to aiding, abetting, counselling or producing BBY's dishonest ...

Stop delaying Payday Super laws, says SMC

JAMIE WILLIAMSON  |  TUESDAY, 15 JUL 2025
With Australia's unpaid super bill growing by $110 million each week, a survey from Super Members Council (SMC) shows 70% of Aussies want to see the payday super laws implemented as scheduled. Payday super laws are slated to come into effect on 1 July ...

Superannuation is Australia's 'productivity engine': ASFA

MATTHEW WAI  |  MONDAY, 14 JUL 2025
The Association of Superannuation Funds of Australia (ASFA) said Australia's superannuation sector provides a fundamental contribution towards the nation's growth, but argues there is more that needs to be done. ASFA has released The Impact and Opportunity ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
ACBF Funeral Plans has been ordered by the Federal Court to pay an additional $3.5 million penalty for misrepresenting that it was Aboriginal owned or managed when it was not. ACBF, a wholly owned subsidiary of Youpla Group (then ACBF Group), offered ...