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Showing 71 - 80 of 5257 results for %22July 16%22

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... with more than $5 billion in assets under management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the exposure draft ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... FY2021-22, with a first instalment expected to be paid within 30 days of receiving an invoice. A second instalment will be due in July 2024. Under the scheme, victims of financial misconduct will be eligible for payments up to $150,000. "We are pleased ...

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... decision was made as, despite its best efforts, Orca has not been able to grow the fund to its ideal size since it launched in July 2017. "Orca FM believe Loftus Peak is better suited to grow the fund and allow the fund to benefit from scale... Loftus ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... of breaching its continuous disclosure obligations and engaging in misleading and deceptive conduct between March 2014 and July 2015 because it did not disclose to the market material information that it was or ought to have been aware of. This included ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until they are revoked. According to ASIC, these short-term credit and continuing ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... funds would be invested in property developments, however, only a small portion was invested accordingly. Meanwhile, from 14 July 2016 to 23 December 2019, Naseeruddin further exploited his position as director of Secure Investments, extracting more ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Independence Plan Division Two which, like the Panorama options, did not transfer to Mercer. 3) Retail super funds plan to merge (July 26) In July, Colonial First State's Avanteos Investments made the decision to close encircle Super and transfer ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... developing a new set of premium labels. "The intention is for these to be adopted by industry for retail advised policies by 1 July 2024. They are also developing guidance for life companies and financial advisers on disclosure and marketing materials ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... Retirement Income Report was based on a quantitative online survey of 10,604 retirees and non-retirees and conducted between July and August 2023.

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... financial data from over 722,000 SMSF members to model the impact of the proposed tax assuming the tax had been introduced on 1 July 2020. "Our own modelling shows that by taxing unrealised capital gains, a member's tax liability could vary dramatically ...