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

Search Results

Showing 781 - 790 of 3972 results for "Law"

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... business via cold calling. "When they're selling financial services like superannuation advice to skirt around a gap in the law and trying to bamboozle consumers with half-truths into signing up for a costly service that is not in their financial ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
Plans to allow access to offenders' superannuation savings as a means of recourse for victims and survivors of child sex abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury ...

Former Big Un chief charged with insider trading

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
Richard Evans could face up to 10 years in prison following ASIC allegations that he communicated inside information about the former ASX-listed company. Evans, also known as Richard Simon Evertz, was represented by his lawyer in the Downing Centre ...

ASIC acts to combat financial inequality for First Nations people

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
ASIC has published an Indigenous Financial Services Framework to support positive financial outcomes for First Nations people. The Framework's development is the result of extensive consultations with stakeholders, including First Nations people, financial ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... they are not a fit and proper person to provide financial services or that they are likely to contravene a financial services law."

Government progresses social housing measures

KARREN VERGARA  |  FRIDAY, 10 FEB 2023
The Albanese government's package of social and affordable housing legislation was introduced in parliament overnight. Under the Housing Australia Future Fund Bill 2023, some $10 billion will be used to deliver 30,000 social and affordable homes. ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... pertain to non-relevant providers. "The new best interests' duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)," it reads. Industry ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... This would replace the current obligations for relevant providers and would be a true fiduciary duty reflecting the general law. It will not include a safe harbour. As previously proposed, the report states that the Corporations Act should be amended ...