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Showing 961 - 970 of 18905 results for "Act"

ASIC permanently bans jailed adviser

MATTHEW WAI  |  FRIDAY, 26 SEP 2025
... disqualified register, and he has the right to appeal to the Administrative Review Tribunal for a review. Under the Corporations Act, ASIC may permanently ban a person from providing financial services if they are convicted of fraud.

Perpetual dumps 23m Myer shares

ELIZA BAVIN  |  FRIDAY, 26 SEP 2025
Perpetual, one of Myer's largest shareholders, sold around 23 million shares after the retailer's poor results this week. Myer's share price fell as much as 30% after announcing its full year results on Tuesday. The embattled retailer reported a fall ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
About three years ago, robo-advisers, one by one, began dropping like flies. The likes of Six Park, Upstreet and Advice Intelligence either folded or were acquired. Even Ellerston Capital's ethically based robo-adviser, which launched in early 2023 ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
The Australian Financial Complaints Authority (AFCA) has reinstated United Global Capital's (UGC) membership until 31 March 2026, to ensure consumers can lodge complaints regarding Shield and First Guardian Master Fund. UGC was expelled from AFCA membership ...

FINSIA chief executive steps down

ANGELIQUE MINAS  |  FRIDAY, 26 SEP 2025
FINSIA chief executive and managing director Yasser El-Ansary has announced that he is stepping down at the end of the month. FINSIA president David Cox celebrated El-Ansary for his significant contributions to the company during his tenure. "He led ...

Draft laws for insurers' ban on use of genetic test results released

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
Treasury opened consultation on draft legislation to ban life insurers' use of genetic test results in underwriting. The release of the draft legislation follows the government's announcement in September 2024 that it would implement a total ban, following ...

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... regulate platforms that hold digital assets. The draft legislation introduces two new financial products within the Corporations Act - digital asset platform and tokenised custody platform. This means the existing consumer protections and licensing rules ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... within the context of operating critical market infrastructure requires "careful navigation". "We have a strong imperative to act with urgency, and we must do this while balancing risks in a complex environment," he said. "The boards and management are ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... commenced proceedings in the Federal Court against Macquarie Investment Management Limited (MIML) after it admitted it did not act efficiently, honestly and fairly when it failed to place Shield on a watch list. ASIC has also accepted a court-enforceable ...

SMC calls for simplified retirement system

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
Super Members Council (SMC) has urged Treasury to simplify the retirement system, saying it is too complex. The comments come as a response to Treasury's consultation paper on best practice principles. SMC said it broadly supports the intent of ...