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Showing 71 - 80 of 2979 results for "Response"

MA Financial boosts fund with $20m acquisition

CASSANDRA BALDINI  |  TUESDAY, 3 OCT 2023
MA Financial Group has agreed to acquire Batemans Bay Marina and Port Macquarie Marina for $20 million in response to increasing institutional demand for alternative investments. The asset manager said the two east coast marinas will complement the ...

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... but multiple, unclear and blurred accountabilities create gaps, rather than overlaps." PwC published its own report in response to the findings, titled Commitments to Change. The firm outlined its management response and action plan, which it said are ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  WEDNESDAY, 27 SEP 2023
... gains each year to individuals with the highest incomes." The report also shows that while the government's COVID-19 response reduced income inequality, the impact was only temporarily. In 2020-21, the average income of the lowest 20% grew by 5.3%, predominantly ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Local fintech Bobbob has paid $53,280 to resolve infringement notices issued in response to misleading claims it made about a crypto-asset linked investment product. Over an eight-month period, a product known as the Savings Product was offered, attracting ...

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... second market to go live in a global rollout. EQT head of capital raising Australia Martin Donnelly said it comes in response to growing demand from local wholesale investors, financial advisers, private banks, and family offices for diversified private ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... customers down, we expect all financial institutions, especially our banks, to act quickly to reduce consumer harm." In response, NAB said the issue "related to the incorrect selection of a fee by NAB when setting up a payment arrangement within personal ...

Trading platform pays $830k over suspicious trades

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2023
... It added that the group failed to maintain adequate resources to ensure otherwise. The MDP said Interactive Brokers' response to the situation was inadequate for several reasons, including how long it took to close alerts, a lack of action to address ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... seeking feedback on its proposed reforms, which aim to strengthen the integrity of the tax system and regulators' powers in response to the recent PwC scandal. The new legislation outlines changes to tax promoter penalties, including fines of up to $780 ...

Project to tackle dwindling number of risk advisers

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
In response to the scarcity of risk advisers in the country, Risk Hub and LGF Financial Services (Loyalty) are collaborating on a pilot project aimed at addressing the issue. The pilot project, due to be rolled out in the coming months, will invite ...

Boards must crack down on cybersecurity: ASIC

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... to communicate with customers, regulators, and the market when things go wrong, if they have a clear and comprehensive response and recovery plan and if it's been tested. "If you're not evaluating your third-party cybersecurity risk, you're ...