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| | | The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ... |
| | | | Chi-X has expressed its sadness over the death of founder and first chief executive Peter Fowler. Chi-X said Fowler will be remembered with affection, respect and gratitude by those who worked with him as a founding employee, chief operating officer ... |
| | | | State Super has appointed a new chief investment officer, replacing Gary Gabriel who departed for VFMC last year. Charles Wu has been affirmed in the role, promoted from deputy chief investment officer and general manager, defined contribution investments. ... |
| | | | New research from Deloitte has found there is a disconnect between boards' risk appetite and effective strategic planning, which it said is threatening companies' ability to take on risk. The report, Refocus on Risk to Thrive, was based on interviews ... |
| | | | IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets. IFM said the email, purporting to be from the company, has been sent to members of the public requesting them to fill out an application form ... |
| | | | The All Ordinaries index finished 2020 with a gain of 0.7%. Nothing to write home to mother about, especially compared with the 16.3% and 16.0% surge in the S&P 500 and the Nikkei-225, respectively, over the same period. However, the local bourse's ... |
| | | | The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ... |
| | | | ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ... |
| | | | The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ... |
| | | | One of Australia's richest families is locked in a legal dispute over their father's will, which left out a child conceived by artificial insemination. The case raises the question - are children born by sperm donors or artificial insemination ... |
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