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Showing 831 - 840 of 5393 results for "Federal"

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... service arrangements that included provision of an Annual Review Service. However, the services were never delivered. The Federal Court found that by charging fees for no service and failing to have internal procedures, measures, and controls in place ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... than 1300 Australians whose complaints and compensation awarded have been paused until the passage of the CSLR bill. The federal government owes it to these victims to pass this bill," he said. The Labor party said it supports the bill but is concerned ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... earnings, no matter how little each month. The government first announced it would scrap the $450 threshold in last year's federal budget, handed down in May. However, the legislation to do so was delayed for much of the year and, due to be considered ...

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... victims group said. Shahin also sits on the board of Crescent Wealth. The class action against OTR is ongoing, with the Federal Court approving a timeline for proceedings in December 2021.

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...

Foundation rolls out financial literacy program for students

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... fully funding the program as part of its work with government, community organisations, educators, and industry under the federal government's National Financial Capability Strategy. Commenting on the initiative, Ecstra chief executive Caroline Stewart ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... Australians. Its removal has bipartisan support and the legislation containing the measure was tabled late last year. "With the federal election due in the coming months, there are only a handful of days left to ensure this critical reform is passed ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... failing to keep tabs on a representative who invested clients' money in risky and complex financial products. The Federal Court found that RI Advice failed to take the appropriate steps to ensure that former adviser John Doyle acted in clients' ...

FPA calls for stronger experience pathway

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... pathway, claiming it would undermine the road to professionalism. Newly appointed chief executive Sarah Abood criticised the federal government's proposal to recognise 10 years of experience to meet adviser education qualifications, suggesting instead ...

Education reforms are promising: SAFAA

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... to education standards will put the industry on a level playing field with other professions. In its submission to the federal government's proposal to reset education standards, the SAFAA wrote that the move will "not roll back or lower education ...