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Showing 61 - 70 of 296 results for "Ruling"

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... stakeholders have concerns regarding the interpretation of these provisions by the Australian Tax Office in a recent Law Companion Ruling and the implications of this ruling for both APRA-regulated funds and SMSFs." Non-arm's length expenses (NALE) occur ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... life in retirement; maintaining the legislated schedule for increasing the super guarantee to 12% by 2025; and finally, ruling out relaxation of existing rules for early release of super. "Sticking with the foundations, like the plan to increase the ...

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
The Australian Taxation Office appointed a second commissioner to serve a seven-year term. Kirsten Fish was previously serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... Mawhinney also denies. ASIC banned Mawhinney from fundraising and promoting investment products for 20 years in April. A ruling on the fine, if any, Mayfair entities will be culpable for is still pending with the latest hearing ending on October 5. Mawhinney ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... judge ruled that Klees failed to prove Mayfair 101 had misled him and that he had suffered losses as a result. However, the ruling notes that if Mayfair 101 had represented to the plaintiff that the investment was secured under the Security Trust Deed ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
... million. IOOF expects the pre-tax exposure to reach $19 million net of insurance proceeds and excluding costs. Following the ruling in 2019, IMF Bentham said: "Whilst final orders [from Supreme Court of NSW] are awaited, the Trustee is expected to be ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... million between January 2013 and September 2016. Westpac won the original case in December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when ...

Magnolia Capital takeover saga continues

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
... providing "insufficient evidence" of being able to fund the acquisition and repay its debt. In response to the February 1 ruling, Magnolia Founder and chief investment officer Mitchell Atkins said the Panel's response and orders are technical in ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... whether they respond to COVID-19 and related government mandated lockdowns. The High Court agreed with the Supreme Court, ruling against the insurer, and setting a new precedent for how all insurers will need to respond to in a similar scenario. "Many ...