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Showing 661 - 670 of 901 results for "Compensation"

ASIC questions SMSF advice in proposed guidance

LAURA MILLAN  |  MONDAY, 16 SEP 2013
... disclosure requirements and SMSF costs" stresses the need for advisers warn clients that SMSFs do not have access to the compensation arrangements in a case of theft or fraud as well as explaining other matters that may influence the client's decision ...

ASIC concerned over "pockets" of poor SMSF advice

LAURA MILLAN  |  MONDAY, 2 SEP 2013
... objectives. "We also found that investors were not warned about the very real risk of not having access to a statutory compensation scheme in the event of theft or fraud," Tanzer said. Tanzer also mentioned aggressive advertising and an increase in the ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
... be a $1.6 billion saving from "automatic adjustments to government spending and revenue". Discontinuing business compensation measures from abolishing the carbon tax will save $5.1 billion, while there are a number of savings from scrapping the minerals ...

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
... losses, while around 735 investors were only to get back about 18% of their losses. The difference between the rates of compensation arose from a funders' premium of $28.875 million (35% of the settlement sum of $82.5 million) to be paid to investors ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... ultimately, a royal commission. "We don't believe that the Joint Committee was effective enough and we are seeking compensation for the 310 victims and to bring the people responsible for the Trio Fraud to justice," he said. Matters also noted that the ...

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... unlicensed credit activities. The regulator has also sought civil penalties orders against the companies, as well as compensation for six consumers. Consumers were seeking small value loans of amounts from $500 to $2000 and were required to sign documents ...

CBA in talks to hand over management of three funds

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
... CMIL board the management fee it currently pays to Commonwealth Bank. In return, it is likely to have to pay some compensation for taking over the management rights. CBA has confirmed that it has submitted a similar proposal to the board of Kiwi Income ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... "with Mr Levitt's full knowledge". But Levitt is confident that victims of Storm Financial could get "much higher' compensation that what ASIC settled for. Meanwhile, ASIC "rejects any suggestion that it has not acted as a model litigant in any of the ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... victims. Principal Stewart Levitt told Financial Standard that victims of Storm Financial could get "much higher' compensation that what ASIC settled for. "If we get a 100% of our claim, the amount of compensation that Storm victims could receive is ...

Opposition challenges Labor to review Trio fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
... However, while Cormann expressed concern for these victims, he did not make a direct call for Bowen to grant further compensation. Rather, he said Bowen should "explore whether the unique circumstances surrounding the Trio collapse justify at least a ...