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Showing 51 - 60 of 505 results for "Purchasing"

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... outside financial services law," ASIC deputy chair Sarah Court said. "ASIC is aware that many consumers are interested in purchasing or investing in crypto-assets. Crypto-assets are risky, inherently volatile, and complex and ASIC remains concerned that ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... need on a day-to-day basis," she said. As an example, she said she considers calling a general insurance company and purchasing home and contents insurance is personal advice; "I would like them to be able to give that advice." "Some of you may disagree ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... process," he said. In addition, the explanatory notes stated directors on the board historically participated in a Share Purchasing Plan (SPP) loan program to create alignment with shareholders in lieu of market levels of fixed director fees. However ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... a rate well below the current 6.1% CPI estimate by the Australian Bureau of Statistics (ABS), retirees' nominal purchasing power will be halved over 14 years. Therefore, older Australian need a different approach to managing inflation or risk a period ...

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... incident in the running of investment businesses to generate a profit and invest the resulting cash flow productively, by purchasing a further asset or applying the funds to the ongoing operations. "Companies are expected to productively utilise their ...

2022 is the hardest year to retire: Report

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
... increasing pressure. Inflation means rapidly escalating costs can pose a threat to financial security by eroding the purchasing power of retirees. The report added institutional investors will also be challenged to preserve assets in a more volatile ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... double in value every seven to 10 years and generate a rental return of 4-5% each year. The material also claimed that purchasing an $800,000 investment property using a 25% deposit from an SMSF and taking out a mortgage for the balance would produce ...

NSW to introduce options for first home buyers

CASSANDRA BALDINI  |  TUESDAY, 21 JUN 2022
... an annual land tax under proposed reforms. The plan, announced in the 2022-23 NSW budget, will see first home buyers purchasing a home up to the value of $1.5 million given the option of paying stamp duty or a small, annual property tax of $400 plus ...

Former van Eyk chief executive pleads guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUN 2022
... He did so while knowing the funds would be loaned to another company, TAA Melbourne Pty Ltd, with the intention of purchasing an interest in the research house. ASIC also alleged that he deliberately concealed details of the deal, misrepresenting that ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... the crypto industry, often involving celebrities and influencers." He added that the growing number of Australians purchasing crypto assets have inadequate consumer protections. Veyret said: "CHOICE is hearing from many Australians about financial loss ...