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Showing 721 - 730 of 2379 results for "Rule"

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... whether loans are unsuitable for consumers. Westpac did take account of consumers' declared living expenses because another rule in Westpac's system compared declared living expenses to income (but leaving out other expenses including the repayments ...

Former financial adviser charged

HARRISON WORLEY  |  TUESDAY, 13 AUG 2019
A former financial adviser who was banned from providing financial services by ASIC in 2018 has been charged with five counts of dishonest conduct. Mark Damion Kawecki has been charged for allegedly using false or misleading information in applications ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Backed by IMF Bentham, Clime told shareholders it was pleased the in-principle settlement has been reached with UGL, a firm that provides engineering ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
The majority of Financial Standard 's readership agrees the calculation of deeming rates should be appointed to an external, independent body. After the Federal Government lowered deeming rates from July 1, we wanted to find out if the Minister ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
The Morrison Government is reviving its Consumer Data Right bill - which includes the Open Banking changes that would give consumers access to and control of their own financial data. The bill was reintroduced to Parliament and read today. Treasurer ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... Australians worse off at retirement and increase the burden on the age pension. It's bad policy and the Government should rule it out. "The last thing working Australians need is a contrived case to delay the super guarantee increase, or to freeze ...

Keybridge shareholder threatens board spill

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
A shareholder of Keybridge Capital says its board is "effectively deadlocked" on key decisions, and is asking all directors to voluntarily resign and put themselves up for re-election by shareholders. Bentley Capital owns about 20% of Keybridge Capital ...

YouTube fundie called out by FCA

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
The UK's Financial Conduct Authority has criticised Neil Woodford who famously issued a tearful YouTube apology to investors whose money was frozen in one of his funds. Woodford Investment Management suspended trading in its Woodford Equity Income Fund ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct. In an open letter to Labor's newly minted Shadow Assistant Treasurer ...