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Showing 71 - 80 of 935 results for "Compensation"

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
Interprac Financial Planning will need to pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. ...

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... access, via a court order, to additional personal or salary sacrifice super contributions made by the offender if compensation remains unpaid after 12 months. Historically, many offenders have deliberately hidden millions of dollars' worth of assets ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... Mulino's suggestion that the professional indemnity insurance (PII) sector be made to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable. "Right now, the CSLR is constantly running out of money, and almost a year ...

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
... well positioned to respond to an uplift in the practices and regulatory changes. It also said the First Guardian compensation payments remain on track to be in member accounts by 30 January 2026, with positive feedback from stakeholders on its resolution ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... adviser made that risk acceptable in the circumstances," the summary read. EQT concluded that "ASIC has not sought compensation from any of those parties despite having taken action against most of them in respect of Shield." "ETSL has always approached ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
... complainant's losing their trauma insurance, AFCA said. "In this case, the complainants were entitled to almost $96,000 in compensation for the inappropriate advice, up to $5000 to wind up the self-managed super fund, and one of the complainants was ...

Advisers 'positioned to thrive' in 2026

ANGELIQUE MINAS  |  THURSDAY, 15 JAN 2026
... accountability by the regulators and licensees [is needed] for those who do the wrong thing rather than pushing the compensation on the advisers and businesses who are acting in their clients' best interests," she said. "Prevention of these failures ...

Cbus hires corporate governance head

ELIZA BAVIN  |  MONDAY, 12 JAN 2026
... to members. The super fund said it co-operated with the regulator throughout the legal process and agreed to pay compensation to impacted members, families and beneficiaries. Compensation was in the realm of $32 million. Additionally, Martyn Bayly has ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... amidst ongoing regulatory pressure. "Employees are prioritising flexibility, culture, and purpose just as much as compensation, meaning employers must offer a strong employee value proposition to attract and retain top performers," he says. fs

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... review, levy hits $70m As new estimates showed financial advisers would have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for FY26 - breaching the $20 million cap - Treasury offered some hope in finally calling for a ...