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Showing 671 - 680 of 4546 results for "October"

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... response to a contravention of the reasonable steps obligations regarding a financial product since the DDO took effect in October 2021. The regulator had concerns that Mitrade failed to take reasonable steps likely to result in distribution conduct ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... prices have been attributed to the rise following the halving of the fuel excise tax in April 2022, originally unwound in October of the same year. "CPI inflation is often impacted by items with volatile price change such as automotive fuel, fruit and ...

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 ...

BT upgrades platform functionality

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... platform that include improvements to reporting and document-tracking features. The reporting feature introduced last October 2022 will now allow financial advisers generate the same set of reports for potentially all financial advisers' clients ...

Lazard implements new leadership

CHLOE WALKER  |  MONDAY, 29 MAY 2023
... chief executive for Lazard's next chapter in its storied history," he said. The leadership changes will take effect on October 1. The news comes after the firm announced it would reduce its global workforce by 10% this year to save on costs amid a lack ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... time. At its height in 2013, it had just shy of 6000 members and $751.3 million. However, it declined further when, in October 2017, Holden ceased manufacturing its cars in Australia and again in 2020 when engineering and design were closed and Holdens ...

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
... complaints involve third parties and so complaints cannot be resolved by relying solely on contractual obligations. In October 2022, the Full Federal Court found that a complaint relating to superannuation that involved MetLife did not fall within AFCA's ...

Investment fraud accomplice charged

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... by Marco and AMS Holdings (WA) Pty Ltd, the AMS Holdings Trust, in 2020. The court heard that between February 2014 and October 2018 Marissen, who was employed by Marco as his executive assistant, assisted him in the swindle. Marissen was released on ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... guilty of several breaches of the ASIC Act, the Corporations Act, and the Insurance Contracts Act between November 2015 and October 2018. At the time, MLC provided income protection cover through policies that contained a term under which the insurer ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... FY22, according to the FY24 budget on May 9," it said. "This is well below the 1.5% of GDP FY23 deficit forecast in the October 2022 budget due to robust revenue from a strong labour market and buoyant commodity prices, combined with spending restraint." ...