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Showing 831 - 840 of 4166 results for "Action"

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
A local subsidiary of TPP Global Investments is the target of ASIC's latest court action. The regulator commenced Federal Court action against Provide Nominees, which trades as Provide Capital, seeking the court's intervention under s70 of the ASIC ...

RBA set to lift the cash rate again

ANDREW MCKEAN  |  TUESDAY, 6 DEC 2022
Most economists have flagged that the cash rate will rise again today, despite inflation having eased. A Finder survey said 88% of experts believe the cash rate will grow to 3.1% in December, which would be an eighth consecutive rate rise. Finder head ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
ASIC has commenced the first ever court case in relation to alleged breaches of design and distribution obligations (DDO). The case concerns two credit cards issued by American Express (Amex) that were co-branded with retailer David Jones (the credit ...

Delayed reforms put pensioners at risk: OECD

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... uncertainties may lead policy makers and regulators to delay reforms that could advance their pension systems, this course of action will jeopardise the wellbeing of current, and future pensioners, the OECD argued. Instead, the international organisation ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... "Importantly, ASIC has at no stage suggested that the error arose otherwise than inadvertently," Vanguard said. Enforcement action against greenwashing is a current ASIC priority. Last month, ASIC chair Joe Longo warned that the market regulator is currently ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... charged. As a result of the misreporting, Equity Trustees is conducting a review of Crescent Wealth and will take "appropriate action" in response to an independent expert's findings as it seeks to protect members best financial interests. Despite ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
ASIC has acted against six self-managed superannuation fund (SMSF) auditors for breaches of independence requirements and auditing standards. Between June 29 to September 30, ASIC disqualified three SMSF auditors from being registered, imposed additional ...

BlockFi files for bankruptcy, crypto contagion worsens

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
... advisor, Mark Renzi said: "With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the company." "From inception, BlockFi has worked to positively shape the cryptocurrency industry and ...

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
... financial year. Consequently, Equity Trustees is conducting a review of Crescent Wealth and said it will take "appropriate action" in response to an independent expert's findings as it seeks to protect members best financial interests. Crescent Wealth ...

Retirement no longer back of mind: Equip

ANDREW MCKEAN  |  FRIDAY, 25 NOV 2022
... many years away." "It's fantastic to see more and more Australians taking an interest in their financial future and taking action to boost their superannuation early on in their working life. It's easy to dismiss retirement planning as something to consider ...