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Showing 681 - 690 of 3916 results for "Law"

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... occur. The investor group said this is unfair to shareholders, needlessly favours the bidder, and is contrary to Swiss takeover law. "The condition would allow Liontrust to profit from the upside of a potential sale while suffering none of the consequences ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... Practitioners Board (TPB) found former PwC head of international tax Peter-John Collins in violation after he let confidential law reform plans slip. Collins was banned and disgraced, and PwC said it reviewed and strengthened its controls, policies ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... will be done to strengthen and harmonise sexual assault and consent laws, address barriers to justice and improve the family law system to achieve better outcomes, including for victim-survivors. Given that single parents can face higher rates of financial ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
The government has commenced consultation on new draft regulations related to the Douglas decision, adding to the regulations introduced to parliament late last year. In November 2022, the government introduced legislation aimed at ensuring no veteran ...

PwC chief exits over scandal

CASSANDRA BALDINI  |  TUESDAY, 9 MAY 2023
... which PwC senior partners shared information obtained during a confidential consultation with Treasury in relation to tax law changes. This included introducing new rules to stop multinationals from avoiding tax by shifting profits from Australia to ...

abrdn chief economist rejoins Reserve Bank

ELIZABETH FRY  |  MONDAY, 8 MAY 2023
Jeremy Lawson has rejoined Australia's central bank after working as abrdn's chief economist for 10 years. Lawson has been appointed deputy head of the international department at the Reserve Bank of Australia (RBA), effective August 1. He began ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... has come to put the fraudsters out of business. And that's what I'm determined to do," Sunak said. It is already against the law in the UK for product issuers to cold call in relation to occupational or personal pension schemes. In 2020, ASIC introduced ...

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
A man and his father-in-law were charged by the US regulator for running a $30 million Ponzi scheme in which they targeted churchgoers, gaining their trust with claims their wealth and success was due to divine intervention. According to the SEC, between ...

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
... fleeing Australia in 2019, it is alleged Nugara was living in Bali, Costa Rica and Mexico City. Other sources, including a law firm representing one of his former clients, state Nugara fraudulently obtained as much as $9 million over the years. Recent ...