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Showing 851 - 860 of 5392 results for "Federal"

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... as Mayfair Platinum), Online Investments (trading as Mayfair 101), M101 Nominees and M101 Holdings. In April 2021, the Federal Court restrained Mawhinney from advertising and raising funds through financial products for 20 years. Mayfair 101 Group products ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... who have yet to pass the exam or had already unwillingly left the industry, Hume's salvo in the lead up to the 2022 federal election could be a little too late. Senator Jane Hume was contacted for this article.

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... Group - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even though such a debt is not one provable ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Alderman, which alleges that under its former name as Evans Dixon, clients were misled and provided conflicted advice. The Federal Court is overseeing the lawsuit, which named subsidiary Dixon Advisory and Superannuation Services and former chief executive ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... FSC is very pleased to be working with our members to deliver on this goal," FSC chief executive Sally Loane said. The federal government is looking to apply such exclusions the broader industry. Senator Jane Hume wants to find solutions to problems ...

Super for home deposits could ignite new boom

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Australians be given access to their super to use on a home deposit. The suggested policy has been advocated for by a range of federal government MPs, including Tim Wilson. Under a 2017 budget initiative, first home buyers can make additional voluntary ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
Minister for superannuation Jane Hume has said the federal government remains committed to raising the superannuation guarantee to the legislated 12%. Hume made the commitment while speaking at an Industry Super Australia (ISA) event with shadow minister ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
Labor promises that superannuation will not be hotly contested in the upcoming federal election, vowing that if it comes to power in 2022 it will not introduce major changes. Shadow minister Stephen Jones pledged more stability and less uncertainty ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... offered his followers share trading tips on social media under the handle 'ASX Wolf'. The regulator filed proceedings in the Federal Court that will seek to restrain Scholz from carrying on any financial services business in Australia. Under his ASX ...