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Showing 971 - 980 of 6076 results for "Commission"

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... operating a financial services business without an Australian Financial Services licence. The US Securities and Exchange Commission filed a civil suit against Goldsky Asset Management and Grace in 2018 after ASIC assisted in its investigation.

Cairns women disadvantaged by super gender gap

KARREN VERGARA  |  MONDAY, 12 APR 2021
Industry Super Australia's modelling found that women from Cairns will retire with almost $40,000 less superannuation than men. These stark figures highlight the need to lift the super rate as legislated from 9.5% to 12%, ISA said. "Women on middle ...

ATO quizzed on readiness for stapling

KANIKA SOOD  |  FRIDAY, 9 APR 2021
The Australian Taxation Office yesterday couldn't answer exactly how many stapling-triggered employer checks it expects, but maintained its readiness for a July 1 go-live. Appearing before the Senate Economics Legislation Committee yesterday, ATO ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... in the country." Cbus executive for brand, advocacy, engagement and product Robbie Campo added that the Productivity Commission identified choice products as the worst performing in the sector and therefore stapling a member to a fund could have significant ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... those involved with insurance claims handling to be covered by an AFSL is one of the reforms to come out of the Royal Commission. Claims handling and settling services were previously excluded from the definition of 'financial service' in the ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... the bill is able to do so. The problem with the model is that it operates in the reverse way that the Productivity Commission envisaged, he said. The Productivity Commission proposed a quality filter, which ultimately led to the top 10 best-in-show funds ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...

Tax concessions failing women: Research

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
The tax concession system is a contributing factor to gender inequality with most of the benefits flowing onto men, new research from the Australia Institute shows. Economic modelling commissioned by the Australia Institute from the Centre for Social ...

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
ASIC has banned the sale of binary options to retail clients, effective from 3 May 2021. The decision comes after ASIC found that binary options have resulted in significant losses for retail clients. In 2018, ASIC estimated that net losses from retail ...

Vanguard targeted in bond fund scam

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... IFM Investors had fake prospectuses of bond funds circulated in their names. The Australian Securities and Investment Commission had to issue a warning to investors. "In this low-rate environment, these scammers are taking advantage of investors seeking ...