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Showing 711 - 720 of 5218 results for "2015-16 ASIC"

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
The Financial Advice Association Australia and members say the super lobby group should formally apologise for its recent remarks about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation ...

Fiducian welcomes two practices

KARREN VERGARA  |  FRIDAY, 14 JUN 2024
Fiducian Financial Services has added two practices based in Victoria and the Northern Territory to its network. Gurbinder Gill, the principal and financial adviser of Gill Private Wealth, which operates in Victoria's Burwood, joins the ASX-listed firm. ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... securities under its crowd-sourced funding (CSF) offer document. The CSF was published on the VentureCrowd intermediary platform. ASIC said it made the interim order in the public interest to protect retail investors looking to invest in the offer. This ...

ASX advances CHESS replacement project

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... together. "The project is currently expected to deliver to the plan announced in November last year." In March last year, ASIC informed ASX that it had commenced an investigation into oversight, statements, and disclosures regarding the CHESS replacement ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... advice fee deductions are appropriate, with some allowing charges as high as $20,000 before asking questions. For its review, ASIC looked at 10 trustees representing about eight million members and $923 billion in assets. Between April 2022 and March ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... meant to show how the super fund's investments make a difference, it said gambling investments were off-limits. However, ASIC found that contrary to Active Super's claims; its trustee, LGSS, had been directly invested in Pointsbet and lottery ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... operated in construction (28%), and accommodation and food services (14%), and retail (7%). Between July 2023 and April 2024, ASIC recorded 8743 business have already gone into administration. Cathro & Partners principal David Mutton said the FEG Recovery ...

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... retail clients are unlikely to understand the questionnaire used to determine whether they would be in the target market. ASIC made an interim stop order preventing the fund manager from issuing or distributing interests in the Australian Unity Select ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... offered clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts (FX contracts). ASIC said its investigation into XTrade found that several vulnerable clients were encouraged to trade in CFDs in circumstances where ...