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Showing 71 - 80 of 1702 results for "Breach"

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... ceased, ASIC said. FFA failed to apply to ASIC to vary its AFSL within five days as required, and it was unaware of the breach until ASIC made enquires of the licensee. As a result, FFA provided financial services for more than two years without a key ...

ASIC accuses ALAMMC Group directors of contempt

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
ASIC said that a husband and wife who misappropriated investor funds from their property development scheme operating under ALAMMC Group are guilty of contempt for allegedly, among other things, transferring more than $500,000 from their frozen accounts. ...

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
... year along with six other SMSF auditors for a range of concerns including breaches of auditing and assurance standards, breach of independence requirements, continuing professional development obligations, or for not being a fit and proper person to ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... trustees' responsibility in the FY27 Compensation Scheme of Last Resort (CSLR) special levy, claiming that it will be a "clear breach" of the scheme's principle otherwise. The SMC pointed out that the scheme is intended to be funded by the sectors that ...

Advisers may be caught by new AML/CTF reforms: Expert

MATTHEW WAI  |  FRIDAY, 21 NOV 2025
Although financial advice is not part of the group that will fall under the upcoming anti-money laundering/counter-terrorism financing (AML/CTF) reform, an expert told the Financial Advice Association Australia (FAAA) Congress advisers may be caught ...

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Magellan Financial Group's head of global equities has resigned following reports alleging he was in a relationship with a junior employee. The Australian Financial Review reported overnight that Arvid Streimann was allegedly in a relationship with ...

HESTA, Vision Super divest Israeli securities

KARREN VERGARA  |  FRIDAY, 7 NOV 2025
... UniSuper's Sustainable Balanced option with a whopping $430.5 million. Its charter claims to "assess companies that breach the UN Global Compact or have otherwise been found to commit human rights violations" periodically and on a case-by-case basis. ...

RBA on hold but 'not as hawkish as feared'

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
The Reserve Bank of Australia (RBA) surprised no one by keeping interest rates on hold at 3.6% at its November meeting, but economists were paying close attention to the tone of the statement released by the central bank. Betashares chief economist ...

ASIC confirms investigation into a Clime fund

KARREN VERGARA  |  FRIDAY, 31 OCT 2025
ASIC has commenced a preliminary investigation into the Clime Australian Income Fund. The corporate watchdog set the record straight, stating that it has commenced an investigation into the fund with respect to its compliance with the target market ...