Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 751 - 760 of 3918 results for "Law"

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
The Federal Court determined Tyson Scholz, known as ASX Wolf, was running an unlicensed financial services business for over a year, including providing courses on share trading and recommending stocks on Instagram. The court handed its decision down ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... service. Slater and Gordon launched legal proceedings against the bank in 2019 as part of its Get Your Super Back campaign. The law firm's special counsel Nathan Rapoport said the case alleged BT prioritised Westpac Life's profits over its duty ...

Expand access to financial services: AUSTRAC

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
AUSTRAC has released guidance to banks and superannuation funds on helping those without access to traditional identification documents access financial services. The guidance aims to support people from diverse backgrounds and in challenging circumstances ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
The Financial Planning Association of Australia (FPA) has said the Australian Law Reform Commission (ALRC) should prioritise advice regulations in its ongoing review of financial services law. In its latest submission to the ALRC review of the Legislative ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... and reasonable. ASIC said the REs must implement more robust marketing approval processes but made clear that no breaches of law have been identified as yet. The entities have also not made any admissions of guilt or liability. However, all voluntarily ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... disabilities being rejected because they don't categorise their condition as permanent," he said. "Having said that, that law requires advocacy." Conte explained advocacy is about creating flexibility for the client at any point in time. "When a ...

Chuck out Chapter 7: Broome

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
... which is really what my clients value and what I deliver for them, it's not actually relevant to the current licensing law." Former MP Bernie Ripoll agreed with Broome's statement. "We're all constrained by regulation in terms of what we ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law," ASIC deputy chair Sarah Court said. "ASIC is aware that many consumers are interested in purchasing or investing in crypto-assets. ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... slight adjustment that there be consent for the payment of a commission, the receipt of the commission, that is a change in the law at the moment. The law at the moment requires disclosure, not the consent." Levy also addressed concerns around "irrelevant ...

Winners are grinners: FPA awards

CHLOE WALKER  |  WEDNESDAY, 23 NOV 2022
The Financial Planning Association of Australia (FPA) announced the winners of the 2022 FPA Awards and the Gwen Fletcher Memorial Award at the FPA Professionals Congress in Sydney yesterday. Now in its 10th year, the FPA Awards recognise individuals ...