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Showing 721 - 730 of 6177 results for "Money"

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... three core areas: financial advice regulatory and legal obligations, including Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ethical and professional ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... it's going to raise some eyebrows. We have seen a direct trade in the market, 17% down. "For the fund manager who earns money from the value of their assets to mark assets down a fraction of that, maybe 3%, I think investors would take a less than ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... Brisbane Registry of the Federal Court. An ASIC investigation found the former adviser put millions of dollars of client money into unauthorised investments. Specifically, between 2015 and 2021, Ridgway recommended clients invest in a range of international ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... contributions were not directed to a MySuper product despite no directive having been given by the member as to where the money should be invested. This occurred from mid-2022 onwards, the regulator said. Under the SIS Act, trustees must direct contributions ...

ETP investors struggle to pick winners

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... investors in exchange-traded products (ETPs) have struggled to consistently beat market returns. The research analysed both money-weighted (MW) and time-weighted (TW) returns to determine investor performance. The MW rate of return, also known as the ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... as returns while much was lost. Kaur - which ASIC described as "an unlicensed financial adviser" - also used some of the money for personal expenses, while also collected more than $1 million in fees for the "advice". This occurred between March 2017 ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... systemically transition these transactions to digital, improving the efficiency of your sector and getting Australians their money faster." Chalmers signalled his intention to wind down the cheque system by no later than 2030. "Leading the way, by moving ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... controlled. It is further alleged he misrepresented the nature of the investments to the clients, including suggesting their money would be invested in property and cryptocurrency. It's alleged he obtained about $2.5 million in total, using it for his ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... and chief executive Changpeng Zhao just yesterday, claiming he and the company lied to regulators and syphoned investors' money into separate, Zhao-owned companies. According to research firm Nansen, in the 24 hours after Binance was sued investors pulled ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... the high costs of advice services that they don't think pays off. Interestingly, the research found that half of SMSF money is currently in pension phase. "So, retirement income considerations are going to be really, really important and perhaps ...