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Showing 641 - 650 of 3916 results for "Law"

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... discovered senior PwC partners shared information obtained during a confidential consultation with Treasury in relation to tax law changes. O'Neill explained as more information about the PwC Australia and PwC Global matter surfaces, the need for ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... and children, CalPERS said. The vulnerability that led to the breach has been resolved and the matter reported to federal law enforcement, but CalPERS chief executive Marcie Frost said the external breach of information is inexcusable. "Our members deserve ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... consensus on how to regulate AI - if at all. Pointing to global counterparts, the European Commission has led by proposing an AI law. It takes a risk-based approach, while prohibiting some particular forms of AI, he said. In the UK a "pro-innovation ...

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... Assessment Act 1997 which limits the application of the non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current law, the non-arm's length expense (NALE) rules apply to all complying superannuation funds. The bill also distinguishes ...

Fidelity hires former Lonsec investment chief

CASSANDRA BALDINI  |  MONDAY, 19 JUN 2023
Former Lonsec chief investment officer Lukasz de Pourbaix has been appointed to the role of global cross-asset specialist and will be based in Sydney. He will report to Fidelity Australia managing director Lawrence Hanson and work closely with clients ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
As the government unveils a raft of updates to the superannuation performance test, due to take effect in August, some trustees are worried that it subjects Choice products to a rigid criterion. As previously flagged, all products will be subject to ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... proposed that as of July 2026, SG is going to need to be paid at the same time as individual salary and wages. That's not law yet but it's something to keep in mind." The final consideration for advisers is ensuring professional standards are ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... financial loss because of the breach are fully compensated as soon as possible. "It is imperative that trustees adhere to the law and direct members' money to the correct product in a timely manner to ensure their best financial interests are protected ...

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
... Previously, he spent more than 23 years as a partner at the legal firm Corrs Chambers Westgarth and more than five years practising law in Saudi Arabia at Al Tamimi & Company. Hall said the new manager is delighted to welcome Sequoia as its partner. ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ...