The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 61 - 70 of 659 results for "Penalty"

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON | FRIDAY, 9 MAY 2025

... entities. Further, a grace period should be instituted to allow employers to receive education and support without immediate penalty for non-compliance, the groups recommended. In all, the collective supplied 22 recommendations to Treasury. One of the ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN | MONDAY, 28 APR 2025

... Services, since renamed DOD Bookkeeping, which has been placed into liquidation, has been slammed with an $11.03 million penalty for providing "cookie cutter" advice and breaching conflicted remuneration laws. Equiti Financial Services paid $130,250 ...

ASIC loses Block Earner case

KARREN VERGARA | WEDNESDAY, 23 APR 2025

... to relieve Block Earner or Web3 Ventures of any liability and pay a fine. ASIC believed that Block Earner should pay a penalty of as much as $350,000. Judge Jackman at the time said Block Earner acted honestly and not carelessly in offering the product ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN | WEDNESDAY, 9 APR 2025

... notices from ASIC after their financial advisers provided personal advice while unregistered. Each licensee paid a $31,300 penalty in March. The corporate regulator said it had "reasonable grounds" to believe the AFS licensees authorised a financial ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN | THURSDAY, 3 APR 2025

... capital add-on applied to ANZ from $750 million to $1 billion. This is now the second time APRA has increased the capital penalty after first applying $500 million in 2019 and increasing it to $750 million last year. APRA has had long-standing concerns ...

AMP staff surveillance slammed by FSU

ELIZA BAVIN | FRIDAY, 21 MAR 2025

... so workers would receive a "total fixed package" which is a salary that is inclusive of entitlements such as overtime, penalty rates, annual leave loading and superannuation. In addition, some contracts include a requirement for employees to work an ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA | TUESDAY, 18 MAR 2025

... by ASIC, Active Super "ran a host of contrived arguments in its defence at trial." Some $3 million of the $10.5 million penalty relate to misrepresentations made on its website, while $2 million was apportioned to misrepresentations in its SRI Policy ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON | WEDNESDAY, 12 MAR 2025

... than 12 months for a payout. Meantime, this action against AustralianSuper follows it being ordered to pay a $27 million penalty after ASIC sued it for failing to merge multiple member accounts, a case that impacted more than 42,500 members. Member services ...

Gender parity in financial services an economic imperative

KARREN VERGARA | MONDAY, 10 MAR 2025

... even step back altogether to have children. "And that's why in Australia, we have got a really significant motherhood penalty. On average, a woman in Australia sees her income drop by about 55% when she has a baby, and it doesn't recover for ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN | THURSDAY, 27 FEB 2025

... the interests of the member." During the exchange, it was also revealed ASIC could have sought a significantly higher penalty of $140 million against the fund. Bragg questioned ASIC as to why it did not seek the maximum penalty, despite the very large ...

PAGE:

BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

Videos

Brought to you by

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Strength amid noise

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

The market has changed. The opportunity hasn't.

A guaranteed future

Follow the leaders

Maintaining a fundamental focus in a world obsessed with the short term

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE