Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 831 - 840 of 3708 results for "Order"

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
Westpac has signalled its recovery from the pandemic with cash earnings increasing by 256% to $3.5 billion over the last 12 months, as it looks to reduce costs by 2024 and farewells a key executive. In its half-year results, Westpac recorded a 189% ...

IOOF licensees to take remedial action

JAMIE WILLIAMSON  |  MONDAY, 26 APR 2021
IOOF will take remedial action to address deficiencies identified by ASIC within Bridges Financial Services and RI Advice Group. During surveillance in December 2020, ASIC found 15% of client files from Bridges and 17% of files from RI Advice contained ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... has breached their obligations under the Corporations Act, and for which ASIC does not make, or propose to make, a banning order". The panel may also issue an infringement notice or recommend ASIC seek a civil penalty and/or impose administrative sanctions. ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... in connection with any financial products or advertise or promote any financial product. Mawhinney will also need a court order to remove or transfer any assets or funds from Australia in connection with any financial product. ASIC had sought to permanently ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... advice firms to comply with. The AFA outlined its concerns about Commissioner Kenneth Hayne's recommendation that in order to help protect consumers, AFSL holders must follow breach-reporting regulations when representatives engage in misconduct. ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

Chief economist update: Australia's confidence contagion

BENJAMIN ONG  |  WEDNESDAY, 14 APR 2021
Australia may not be "at the front of the queue for a safe and effective vaccine" (as Morrison declared back in November 2020) but it's certainly leading much of the world in containing the virus and strengthening economic recovery. This was the ...

Commonwealth seeks to stop bond class action

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... claim referring to the class action proceedings, requesting interlocutory relief. Interlocutory relief refers to a court order to compel or prevent a party from doing certain acts pending the final determination of the case - in this case, the Commonwealth ...

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... investment or risk management use by retail clients," ASIC commissioner Cathie Armour said. "ASIC's product intervention order will protect retail investors from these harmful products at a time of heightened vulnerability." A binary option is a cash-settled ...

Chief economist update: Chinese manufacturing ramps up

BENJAMIN ONG  |  THURSDAY, 1 APR 2021
Activity in China's manufacturing and non-manufacturing sectors returned with a vengeance after a brief pause during the country's Lunar New Year holidays. National Bureau of Statistics (NBS) data show that China's manufacturing PMI rebounded ...