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Showing 651 - 660 of 4209 results for "Action"

Gender pay gap trends down: WGEA

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... superannuation on parental leave - an increase of three percentage points to 86%. "This is a sign that more employers are taking action to ease the retirement savings gap for women," Wooldridge said. Flexible work appears to be more embedded in workplace ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
The government will introduce a bill to parliament this week that proposes abolishing the treasurer's power to override the Reserve Bank of Australia's (RBA's) monetary policy decisions. Treasurer Jim Chalmers today announced the government's plans ...

Income fund shuttered by Equity Trustees

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... medium term to justify the costs of operating the fund," Equity Trustees said. "We therefore consider the best course of action is to bring about the timely termination and wind-up of the fund." The KFM Income Fund was formerly known as the Ventura KFM ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... by insurers; legislating more appropriate financial thresholds for the use of test results; and the government taking no action and allowing the use of genetic testing results to continue to be governed by the Life Insurance Code of Practice, now overseen ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
AMP will pay $100 million to settle the long-running Buyer of Last Resort (BOLR) class action - an amount double what it initially provisioned. The wealth manager announced this morning it has reached a settlement with AMP Financial Planning advisers ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... ensure that Gold Corporation commits sufficient resources to implement its remediation program or risk further enforcement action. It said further action could include seeking court orders to enforce the EU or cancelling it and taking other action, including ...

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
Reserve Bank of Australia governor Michele Bullock defended the central bank's use of monetary policy and hiking interest rates amid many challenges that looks to keep inflation at stubborn levels over the next two years. Speaking at the ASIC Annual ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
The $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
The ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
E&P Financial Group has settled a class action relating to investment advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial ...