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Showing 61 - 70 of 6062 results for "Commission"

Shield proposes to liquidate equities to pay investors

KARREN VERGARA  |  WEDNESDAY, 3 DEC 2025
The Shield Master Fund (SMF) is expected to make a distribution to victims by selling a large portion of its listed equities portfolio, according to liquidators Alvarez & Marsal. Keystone Asset Management, which is the responsible entity for the Shield ...

Brookfield, GIC chase $4bn acquisition

ELIZA BAVIN  |  FRIDAY, 28 NOV 2025
... subject to regulatory approvals, including the Foreign Investment Review Board, the Australian Competition and Consumer Commission and New Zealand Overseas Investment Office approvals. "The NSR board, together with its financial and legal advisers, carefully ...

ASIC invites feedback on disclosure requirements

ELIZA BAVIN  |  FRIDAY, 28 NOV 2025
ASIC is inviting the superannuation and investment management sectors to have their say on changes to stamp duty and portfolio holdings disclosure requirements. The request follows a targeted review of superannuation investment disclosure requirements ...

Super funds continue to fail vulnerable members: UNSW

MATTHEW WAI  |  THURSDAY, 27 NOV 2025
Despite holding a pool of more than $4.3 trillion in retirement savings, cracks are appearing in the superannuation system around engagement and support for vulnerable members, experts said. UNSW Business School associate professor Katja Hanewald observed ...

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
Following a consultation process that was launched in June, ASIC has outlined its approach to the regulation of employee redundancy funds under the Corporations Act 2001 (Corporations Act), once the current relief expires on 1 April 2026. Operators ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
... problem or prevent them from happening. "We've already got a truckload of laws after the financial services Royal Commission. But [they] drove up the costs and made it harder for [advisers] to service clients. All those laws didn't protect investors ...

Why risk advice is on the verge of collapse: Experts

MATTHEW WAI  |  WEDNESDAY, 19 NOV 2025
... stagnation. "Michelle Levy did say that the new class or new category of adviser wouldn't be able to receive a commission or charge a fee for their advice. That would mean that if those people were in place, whether it's as part of a broader ...

Former ASIC chair, FASEA chief launch trustee

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
... Glenfield - who was also previously general manager at APRA - said governance has become more complex since the Royal Commission, "but effectiveness has not always kept pace". "SPS 515 brings structure and substance back together. It is about ensuring ...

The Big Short's Michael Burry shutters fund

KARREN VERGARA  |  FRIDAY, 14 NOV 2025
... in late October. Filings show that Scion Asset Management is no longer registered with the Securities and Exchange Commission. At the end of March, filings state that the fund had about US$155 million in assets under management. Burry was the portfolio ...