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Showing 771 - 780 of 4166 results for "Action"

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... communications of trustees. Where a failure to comply with disclosure obligations is identified, ASIC will "consider regulatory action if appropriate".

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... water with several overseas regulators. In the US, the Commodities Futures Trading Commission filed a civil enforcement action charging Changpeng Zhao, the group's chief executive, and three entities for violating the Commodity Exchange Act and CFTC ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... on members to make a change. "As recommended by the Productivity Commission, the onus should be on APRA taking decisive action to direct a transfer of members to a better fund, not on individual members deciding to leave an underperforming fund. While ...

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Magellan Financial Group has taken yet another hit to its funds under management, falling $2.2 billion to $43.2 billion during the month of March. Magellan saw net outflows of $3.9 billion, which included net retail outflows of $0.5 billion and net ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... After discovering the error, ESSSuper quickly informed most impacted members, preventing them from taking any unnecessary action. However, a small number of members who'd acted based on the incorrect information are now working directly with the ATO ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... fraudulent activities continue to present ongoing challenges, with a lack of data on online transactions complicating regulatory action. In response, the report emphasised the need for improved disclosure, product design, and product intervention. But ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations. APRA said this morning that it will investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... employers the option to provide a statement that gives context to their gender pay gap results and outlines their plans for action." Aware Super chief executive Deanne Stewart commended the House of Representatives on passing the bill into law. "The ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... enable workers not covered by a modern award or enterprise agreement containing superannuation rights to take direct legal action for the recovery of unpaid super. "Superannuation theft undermines the efforts of Australian workers to build a financially ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... Trading Commission (CFTC) following claims of "willful evasion of US law." The CFTC announced it filed a civil enforcement action in the US District Court against Zhao and three entities that operate Binance. The complaint also includes Binance former ...