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Showing 761 - 770 of 6442 results for "Regulatory"

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
The Federal Court has found that collapsed contracts for difference (CFD) issuer, Union Standard International Group (USG) and two of its former corporate authorised representatives, BrightAU Capital (trading as TradeFred) and Maxi EFX Global AU (trading ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... million. Together, the products have about 76,000 members. "In recent years, there has been a substantial increase in regulatory changes introduced by both the federal government and regulatory bodies. These changes have significantly raised the complexity ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... and productive economy. "We want to make it simpler and easier to do business in Australia and that's what our new Regulatory Initiatives Grid (RIG) will help achieve in the financial services sector," Chalmers said. "It complements our other efforts ...

Grant Hackett named chief executive of Generation Development Group

ANDREW MCKEAN  |  FRIDAY, 20 DEC 2024
... working towards executing the business's strategic initiatives, which as said in its annual report, are to leverage regulatory tailwind opportunities such as proposed changes to the Division 296 tax. "I'm thrilled to be stepping into the role ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... related products are financial products under the current law," Court said. "We are consulting with the sector to improve regulatory clarity, and ASIC will continue to use the full range of regulatory and enforcement tools to safeguard consumers and ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...

Invest Blue expands offering with new acquisition

ELIZA BAVIN  |  TUESDAY, 17 DEC 2024
... environment, we will be well positioned to take advantage of favourable themes. Including increasing demand for advice and regulatory changes aimed at making advice more affordable and accessible."

CapitaLand buys Wingate, expands local presence

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... billion from Wingate. It is noted that the final transaction close is subject to the fulfilment of conditions, including regulatory approval and is expected to be completed in the coming months. The strategic acquisition of Wingate also follows CapitaLand ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... first penalty against an entity for failing to have a TMD and a reminder for digital assets firms to consider their regulatory compliance obligations," Longo said. ASIC maintains that many products offered by digital asset firms are captured by the current ...