Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 6194 results for "Statement"

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... million pecuniary penalty. It will also reimburse ASIC for its legal costs of about $650,000. The product disclosure statement of DSAF was found to have "contained ESG Statements and Systems and Processes Statements which were liable to mislead the public ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... referral partner, ASIC said. He was also found to have provided "predetermined" advice outcomes based on a template Statement of Advice (SOA), recommending clients switch super funds to Netwealth while retaining $10,000 for insurance purposes. Additionally ...

Superannuation advertising ban consultation launches

KARREN VERGARA  |  MONDAY, 30 MAR 2026
... inappropriate products and unintentionally create duplicate accounts," Treasury explained in the exposure draft explanatory statement. "These amendments made to the Corporations Act and to the Corporations Regulations will help empower employees to make ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... quiz until they have passed were deemed one. During the period, Binance also failed to provide a product disclosure statement (PDS) to retail clients, implement a target market determination, maintain a compliant internal dispute resolution system and ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
... interest of the client, failed to ensure that advice was appropriate to the client, failed to identify and disclose in the Statement of Advice that there would be consequences to making the change recommended, and failed to comply with the Code of Ethics. ...

Contact Asset Management terminates sole fund

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAR 2026
... fund is in the best interests of all unitholders after considering all available options," the fund manager said. In a statement to Financial Standard, Contact Asset Management director Will Culbert confirmed the decision to wind up is specific to the ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
When Melinda Kee was sick with COVID-19, she took respite for one week. Kee saw it as an opportunity to tick off some personal administration she'd been meaning to get to, such as changing her pet and health insurance, and electricity and gas providers. ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... Macquarie should have placed the fun on a watch list for further monitoring but failed to do so. His finding was based on a Statement of Agreed Facts and Admissions filed by ASIC and Macquarie. It follows Macquarie entering a court enforceable undertaking ...

Senate report provides fuel for CGT discount tweak

JAMIE WILLIAMSON  |  THURSDAY, 19 MAR 2026
... amount of capital gains that benefit from the discount. Perhaps most damning, though not surprising, was the committee's statement that although there are several factors that influence the housing market, "there is evidence the concessions provided ...

Division 296 legislation passes, LISTO to increase

MATTHEW WAI  |  WEDNESDAY, 11 MAR 2026
... Labor government did when it came to office," Hume said. Liberal senator for Western Australia Dean Smith echoed Hume's statement, noting that the government only surrendered to amend the bill due to "external pressure". "... while the Albanese government ...