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

Search Results

Showing 961 - 970 of 5615 results for "ASIC"

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... reaching the 12.4 million Australians in need of professional advice but are still awaiting assistance. The paper drew on ASIC data that shows 41% of Australians intend to get personal financial advice in the future, but only around 12% currently do. ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... in cross-examination that her misunderstanding was compounded by the failure of her professional association (and perhaps ASIC) to bring the detail and meaning of the independence requirements to her attention"; an argument the AAT described as "untenable". ...

Morningstar cops greenwashing fine

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
ASIC slapped Morningstar with a fine for allegedly exposing investors to controversial weapons companies after proclaiming that its environmental, social, and governance (ESG) policy strictly excludes such investments. Morningstar's International Shares ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... guilty pleas, other financial consequences to the company as a result of the conduct, and the low risk of reoffending given ASIC banning orders in place against its sole director were also taken into account by Judge Zempilas when handing down the sentence," ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... its right to continue charging fees and failed to provide services to members efficiently. This led to a violation of the ASIC Act in connection with fees for no service misconduct. Agreed facts state that between December 2015 and November 2021, OnePath ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
After receiving Royal Assent on November 27, ASIC is urging all financial advisers who service retail clients to register before the 1 February 2024 final deadline. From this date, advisers otherwise known as relevant providers who provide personal ...

BBY manager charged with aiding and abetting

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
ASIC charged another former employee of BBY with aiding and abetting the dishonest conduct of the stockbroking firm. ASIC alleges that Yat Nam (April) Yuen, who worked in roles such as manager of strategy, facilitated the transfer of large sums of client ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
ASIC has been ordered to pay the costs Mayfair 101 managing director James Mawhinney incurred during the regulator's failed attempt at bringing an expanded case against him. The order follows the Federal Court of Australia's decision last month to reject ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... and the Disability Discrimination Act 1992. If there were government intervention, the consultation also asks whether it be ASIC or the Australian Human Rights Commission that be given responsibility for overseeing and enforcing obligations related to ...

Inflation problem is homegrown: Bullock

KARREN VERGARA  |  FRIDAY, 24 NOV 2023
... there. But we expect it to take another two years for inflation to fall that much again and move below 3%." At the recent ASIC Annual Forum, Bullock lauded the RBA's modus operandi of rapidly hiking interest rates since May 2022, signalling that ...