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Showing 921 - 930 of 18741 results for "Act"

ASIC to review RG97 to boost property supply

JAMIE WILLIAMSON  |  WEDNESDAY, 13 AUG 2025
ASIC is reviewing the need for superannuation funds to include stamp duty payments in fee disclosures in a bid to boost their investment in property. Super funds have long held concerns that obligations under Regulatory Guide 97: Disclosing fees and ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... expanded criminal jurisdiction, ASIC said. Forrest is charged with two offences contrary to s1043A (1) of the Corporations Act 2001 - prohibited conduct by person in possession of inside information, while the other is contrary to s911's providing ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... where the account number was not available at the time of the client giving their consent." Section 962WA of the Corporations Act, an Ongoing Fee Arrangement terminates if a fee is deducted without client consent. Many would assume that this section ...

PC suggests removing excessive entry requirements for advisers

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
In its fourth of five papers addressing productivity hurdles in Australia's economy ahead of the government's Economic Reform Roundtable, the Productivity Commission (PC) has recommended paring back some of the entry requirements that have impacted ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... Society (CMLA) with AIA Australia joining as the third respondent in April 2021. The class action alleges that CFSIL did not act in the best interests of members and breached its trustee duties when taking out group insurance policies obtained from CMLA. ...

Insignia offloads IOOF Alliances to Entireti

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
Entireti has acquired IOOF Alliances, a provider of support services for AFSLs, from Insignia Financial for an undisclosed sum. IOOF Alliances will merge with Jigsaw Advice Solutions to form Entireti Alliances. About 70 self-licensed advisory firms ...

CSC quashes internal bullying, sexism claims

MATTHEW WAI  |  MONDAY, 11 AUG 2025
Commonwealth Superannuation Corporation (CSC) chair Janet Torney has rejected suggestions that bullying, harassment or sexism are improperly handled by the organisation. Torney responded to reporting by the Australian Financial Review that CSC received ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... fiduciaries' duties in relation to alternative assets in 401(k) plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) and other defined contribution offerings. It also directs the Securities and Exchange Commission to facilitate ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
Four residents of Victoria have been charged with a slew of money laundering offences for allegedly using fake social media advertisement and investment comparison sites to help run a bond scam. ASIC alleges that between January and July 2021, Dimitrios ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...