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Showing 51 - 60 of 292 results for "Ruling"

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... unlisted investments could be trying, but said he is confident it's a high-quality product regardless. He's also not ruling out the addition of unlisted assets down the line. "Unlisteds go through cycles like most assets, but we don't inhibit ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
Having attributed its strong FY22 earnings to its recent acquisitions, Insignia Financial's Renato Mota is not ruling out future M&A opportunities to add scale. "We have undertaken two large acquisitions, I think that's provided us with tremendous ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... stated. "It's also probable that adjustments to public sector wages policies and the upcoming Fair Work Commission ruling on new minimum and award rates would result in faster wages growth for affected workers in the period ahead." Even while measures ...

Barred adviser breaches ASIC order

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... stated that he failed to understand what was required of him to comply with the best interest duty. A Magistrate's Court ruling disqualified Toledo until 5 September 2024; however it has since come to light that he continued to provide financial product ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... address issues with regulatory uncertainty. In the tax world, there is the option to go to the ATO to ask for a binding tax ruling. In the advice world, often when a licensee approaches ASIC, they will be advised to get their own legal advice. If a licensee ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... stakeholders have concerns regarding the interpretation of these provisions by the Australian Tax Office in a recent Law Companion Ruling and the implications of this ruling for both APRA-regulated funds and SMSFs." Non-arm's length expenses (NALE) occur ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... life in retirement; maintaining the legislated schedule for increasing the super guarantee to 12% by 2025; and finally, ruling out relaxation of existing rules for early release of super. "Sticking with the foundations, like the plan to increase the ...

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
The Australian Taxation Office appointed a second commissioner to serve a seven-year term. Kirsten Fish was previously serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... Mawhinney also denies. ASIC banned Mawhinney from fundraising and promoting investment products for 20 years in April. A ruling on the fine, if any, Mayfair entities will be culpable for is still pending with the latest hearing ending on October 5. Mawhinney ...