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Showing 51 - 60 of 447 results for %22High Court of Australia%22

Government welcomes ATO family trust guidance

CHLOE WALKER  |  TUESDAY, 12 APR 2022
... to the ATO as part of this process. Sukkar also highlighted the significant decision handed down on April 6 by the High Court of Australia in Commissioner of Taxation v Carter. "The decision concerned the effect, under tax law, of a beneficiary 'disclaiming' ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... commented: "We are aware of the media reports around Mark Babbage and are undertaking an investigation. The FBAA upholds a high standard for membership, and the integrity of our members is non-negotiable." Babbage has the right to appeal ASIC's decision ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... deliberately delayed transferring super fund members to the cheaper MySuper products, and left them in accounts with unnecessarily high fees, bearing the cost of commissions to financial planners, and receiving lower investment returns. MySuper law reforms ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... marketing, recommending Australians switch from retail and industry superannuation funds to SMSFs so that they can "invest in a high return portfolio". SMSF trustees are also being targeted to invest in crypto assets. Australians who decide to self-manage ...

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... Specifically, the committee recommends that taxpayers not have to pay tax debts until a final determination is made by a court or another agreed on dispute resolution body. And, it has suggested that ATO workers should be more educated on taxpayer rights ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... commented: "We are aware of the media reports around Mark Babbage and are undertaking an investigation. The FBAA upholds a high standard for membership, and the integrity of our members is non-negotiable." Babbage and his companion travelled to the Northern ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... that AFCA is achieving its purpose in being faster and cheaper for consumers and firms compared to an alternative such as a court or tribunal," AFCA chief executive David Locke said. "We also saw that over 70% of cases were resolved in the early stages ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
The big four bank has been ordered by the Federal Court to pay $18.5 million for misleading fee disclosure statements in relation to personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB ...

80% of instos find sustainability difficult

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... view the role of sustainable investing within their organisations as more important because of the pandemic. "Given recent, high profile court cases brought against superannuation funds by their members on issues such as climate change, coupled with ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... comprehensive advice to their clients. Separately, AIA New Zealand has been ordered to pay NZ$700,000 by the Auckland High Court after the insurer admitted it misled and made false representations to customers. The Financial Markets Authority instigated ...