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Showing 921 - 930 of 1310 results for "Audit"

ATO unsure if dividend washing illegal

ALEX DUNNIN  |  FRIDAY, 4 OCT 2013
... those involved in dividend washing. We encourage taxpayers to correct their tax affairs voluntarily otherwise they risk an audit," ATO Second Commissioner Bruce Quigley said. The ATO said anyone who has participated in dividend washing arrangements and ...

Sonray director to face 10 years imprisonment over unfunded deposits

ALICE URIBE  |  THURSDAY, 3 OCT 2013
The sole director of Sonray Capital Markets (Sonray) Russell Andrew Johnson could face up to 10 years jail time over criminal charges relating to false accounting, theft and deception. Johnson pleaded guilty to the seven criminal charges brought by ...

NAB delays staff salary increases

LAURA MILLAN  |  FRIDAY, 13 SEP 2013
While ANZ, Commonwealth Bank and Westpac have recently agreed to improve employees' working conditions, National Australia Bank's (NAB's) answer to the Financial Services Union (FSU) demands was "mean and disappointing." The FSU said that NAB offered ...

Macquarie loses court battle with ATO

JAMES FERNYHOUGH  |  FRIDAY, 6 SEP 2013
... offshore banking unit (OBU) income allocation. Macquarie had been seeking to prevent the ATO from conducting a retrospective audit of Macquarie's offshore banking income tax in 2006, 2007 and 2008. Under the OBU regime, revenue earned offshore is taxed ...

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
... reporting arrangements, will implement a technology based risk and compliance management system and will establish a new Audit and Risk Management Committee with independent representation.

APRA releases data risk management guide

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
The Australian Prudential Regulation Authority (APRA) has released the final version of its prudential practice guide on the management of data risk. The 'Prudential Practice Guide CPG 235 Managing Data Risk' (CPG 235) is applicable to all APRA regulated ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... appointment of an independent expert to further monitor PIS. ASIC raised concerns over the dealer group's compliance and audit functions and the expert will test PIS' regulatory requirements, its ability to identify poor advice and the effectiveness ...

Hyperion joins Packer in taking Magellan profits

MARK SMITH  |  THURSDAY, 22 AUG 2013
... Director at the MFG's Annual General Meeting in October 2012. During his time on the MFG Board he has also served on MFG's Audit and Risk Committee and as a director of MFG's wholly owned operating company, Magellan Asset Management Limited (MAM).

ASIC revokes Australian Public Trustees' AFSL

JAMES FERNYHOUGH  |  TUESDAY, 30 JUL 2013

Market Wrap AM

AAP  |  TUESDAY, 30 JUL 2013
... in the world's No.2 economy, a crucial driver of global growth. Traders were also spooked by news that China's National Audit Office will carry out an audit of all regional government debt, an announcement which raised concerns about the country's local ...