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Showing 661 - 670 of 3916 results for "Law"

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
AMP chief economist Shane Oliver says the risk of recession is rising alongside the Reserve Bank of Australia's (RBA) rate increases. Earlier in the week, the Australian share market rallied following the decision by US lawmakers to raise the debt ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
Advisers now have until October 1 to register on ASIC's Financial Advisers Register, as the regulator extends the deadline. ASIC has pushed pack the slated July 1 registration deadline for several reasons. This will allow time for parliament to ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... inadvertently omitted some fees and costs from its product disclosure statement (PDS), resulting in a breach of RG97 legislation. This law mandates that funds disclose the amounts deducted from reserves that form part of administration fees and costs. ...

Fractional farmland investing platform launches

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
Real estate and advisory firm LAWD partnered with fractional investing platform Bricklet to launch LAWD Bricklet, a venture designed to democratise ownership of Australian farmland. The offering sees a LAWD Bricklet 'head title' split into a co-ownership ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... audience to lift the poignant themes from his final report and apply them today. Hayne identified six standards - obey the law, do not mislead or deceive, act fairly, provide goods or services that are fit for purpose, deliver goods or services with ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ...

Treasury hands PwC tax scandal to AFP

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... matter, in which PwC senior partners shared information obtained during a confidential consultation with Treasury concerning tax law changes, has been escalated. "PwC Australia's former head of international tax, Peter Collins, improperly used confidential ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... managers from basing investment decisions on factors like climate change. This month, Florida governor Ron DeSantis signed into law a bill barring state officials from investing public money to promote ESG goals, and prohibiting ESG bond sales. This ...