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Showing 831 - 840 of 18719 results for "ACT"

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Mayfair 101 Group director James Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his ...

Ausbil launches active ETF

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Ausbil Investment Management has launched an active ETF version of its seven-year-old dividend income fund. As first flagged last year, the Ausbil Active Dividend Income Fund - Active ETF (DIVI) officially began trading. Debuting on the ASX today, DIVI ...

Advisers favour third-party support in product selection

MATTHEW WAI  |  MONDAY, 8 SEP 2025
Research and asset consultants continue to play a pivotal role in financial advisers' product selection, especially in managed accounts and superannuation, Investment Trends says. According to its 2025 Adviser Product and Marketing Needs Report, which ...

NZ Super delivers 11.84%

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
The New Zealand Superannuation Fund has delivered a pre-tax return of 11.84% after costs for the year ended 30 June 2025. Total fund size was up $8.4 billion from a year earlier, ending the 2025 financial year at $85.1 billion. Guardians of New Zealand ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... that Earner was neither a financial product, managed investment scheme, or derivative under definitions of the Corporations Act. The grant of special leave is conditional upon ASIC agreeing to pay Block Earner's costs of the appeal. ASIC has 14 days ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... wealth management and superannuation industries, confirming the value of strong regulation and the mandate for super funds to act in members' best interests," he said. "While it is essential that those who misled trustees, research houses, and licensees ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... conduct. AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 more than 53,000 times. Allegations included CBA being late to report its intelligent deposit machines (IDMs) were ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... care, skill and diligence as a prudent superannuation trustee would in respect of the Shield Master Fund. It also failed to act in the best financial interests of its members, do all things necessary to ensure the financial services covered by its AFSL ...

BlackRock nabs $122bn Citi mandate

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
BlackRock has been tapped by Citi Wealth to create a new portfolio offering for its clients - Citi Portfolio Solutions powered by BlackRock. The offering will combine the strategic investment advisory and planning capabilities of the leading global ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... distribution obligations, product disclosure requirements, and simplification of the liability regime in the Corporations Act." Longo said ASIC would be happy to further engage with the government on initiatives and proposals, including appropriate law ...