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Showing 861 - 870 of 3972 results for "Law"

ASIC research guides retail investment regulations

ANDREW MCKEAN  |  THURSDAY, 11 AUG 2022
... products and the licensees who use them, threatening substantial penalties of their content contravenes financial services law. Cognisant of more than half of new investors being aged between 18 and 34 years old, Longo said: "It's encouraging to ...

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... that's what this Bill does - period." "The House should pass this as soon as possible and I look forward to signing it into law." Aside from making a down payment on deficit reduction to fight inflation, the Bill aims to lower energy costs, increase ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
The Labor government is cracking down on multinational enterprises (MNEs) avoiding tax and transparency. Last week, Treasurer Jim Chalmers said it's the government's priority to make sure that multinational corporations pay a fair share of tax where ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... panel include matters of insolvency, fraud, failure to approve a Statement of Advice, contraventions of financial services law, and refusal or failure to give effect to an Australian Financial Complaints Authority determination at least twice. However ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... was not adequately trained or competent, was not a fit and proper person and was likely to contravene a financial services law in the future," ASIC said. In addition, the AFSL of his business Simeone Pty Ltd was also cancelled. He had held the licence ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
The Financial Services Council (FSC) has examined the government's legislative agenda for super and given a policy update on the Quality of Advice Review. Firstly, following assistant treasurer and minister for financial services Stephen Jones' ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... with improving their risks and operations to prevent loss and to meet developing regulatory reforms and expectations." By law, funds must consider guidance material disseminated by AUSTRAC that's relevant to identifying, mitigating, and managing money ...

Holon, Gemini launch retail crypto funds

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
... institutional-grade crypto storage and industry leading security. Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the New York State Department of Financial Services to custody digital assets. It is regularly ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... distribution without a TMD for what is considered a high-risk offer. ASIC also made orders for non-compliance with DDO. "Under the law, firms must embed a consumer-centric approach. They need to design financial products that meet the needs of consumers ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
Suncorp is set to pay $33 million to settle a class action brought by superannuation members in 2019 over conflicted remuneration paid to financial advisers. The class action was brought by William Roberts Lawyers in June 2019 on behalf of Suncorp Super ...