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Showing 721 - 730 of 18885 results for "Act"

Vanguard identifies strongest asset classes for coming decade

MATTHEW WAI  |  THURSDAY, 11 DEC 2025
According to Vanguard's outlook, high-quality US fixed income, US value-oriented equities, and non-US developed markets equities will have the strongest risk-returns over the coming five to 10 years. Vanguard predicts US value-oriented equities will ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
After holding a roundtable discussion yesterday, Minister for Financial Services Daniel Mulino says all consumer-facing sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. ...

ASIC issues $2.2m infringement notices

ANGELIQUE MINAS  |  THURSDAY, 11 DEC 2025
Following a three-month surveillance, ASIC has issued infringement notices to 12 large proprietaries companies for failing to lodge their FY24 audited financial reports on time. The household names facing infringement notices include Aje Hold, Bing ...

AMP to pay $29m to settle class action

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
... (Hillross), AMP and Resolution Life Australasia (formerly AMP Life) in 2020. Shine Lawyers alleged the AMP advisers failed to act in clients' best interests by selling in-house life insurance products at inflated prices, thus failing to provide them ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ...

RBA opts to keep cash rate on hold

ANGELIQUE MINAS  |  WEDNESDAY, 10 DEC 2025
At its meeting yesterday, the Reserve Bank of Australia (RBA) reached a monetary policy decision to keep the cash rate unchanged at 3.6%. In explaining why, the board warned of possible rate rises in 2026 as it takes a more cautious response to inflationary ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
ASIC is taking further action against Spice Capital Partners and its founder Colin Oxlade for providing unlicensed financial services and financial product advice that ultimately raised nearly $2 million from investors. ASIC alleges that Oxlade, who ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... Diversa is seeking financial assistance from the federal government under Part 23 of the Superannuation Industry (Supervision) Act 1993 (Cth). Diversa said it is currently in the process of preparing its Part 23 application and expects to submit the ...

Mulino taps super sector to help pay CSLR special levy

ELIZA BAVIN  |  WEDNESDAY, 10 DEC 2025
... Scheme of Last Resort (CSLR) as the 2026 special levy has blown out to $47.3 million. Mulino added the government needs to act to strengthen consumer protections and improve stability and confidence in the superannuation and financial services sectors ...

Prime Super awards fixed income mandate

RIDDHIMA TALWANI  |  WEDNESDAY, 10 DEC 2025
Prime Super has appointed MFS Investment Management to manage an active global fixed income mandate. The $9 billion super fund will invest in the MFS Global Aggregate Core Plus Fixed Income strategy, which seeks to outperform the Bloomberg Global Aggregate ...