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Showing 81 - 90 of 4249 results for "Action"

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... "potential to have a detrimental effect on members." ASIC has successfully held Mercer Super to account following its legal action launched last August. By its own admission, Mercer Super's failures fall into three categories. The first, Mercer Super's ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... additional licence conditions for weak, ill-defined and inconsistent investment option selection criteria. The most recent action was taken against the trustee for the HUB24 Super Fund, HTFS Nominees. ASIC commissioner Simone Constant said there was ...

CGT, negative gearing changes to become a law

RIDDHIMA TALWANI  |  FRIDAY, 26 JUN 2026
... market helped make housing unaffordable and coincided with decades of low productivity growth, he added. "We are taking action because doing nothing would have consigned another generation to that broken status quo and locked them out of the housing ...

KPMG details action plan to address whistleblower probe

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
KPMG has detailed a governance overhaul and action plan to address integrity issues across the firm after it admitted its treatment of a whistleblower and investigation into their allegations fell short. In effect to this, KPMG national chair Martin ...

IFM builds Atlas Arteria stake to majority

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
... IFM's voting power to greater than 50%. IFM launched a hostile takeover bid for Atlas Arteria in late April, stating the action was spurred by continued underperformance from Atlas Arteria, and a significant change in strategy to pursue more mergers ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... Wealth Services (OVWS), it received notices of a cross-claim from Diversa Trustees relating to ASIC's proceedings taking action against Diversa for its involvement in First Guardian. "The claims seek compensation from PAL, Powerwrap and OVWS relating ...

FEATURE | Member engagement | On the ball

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... showed advertising is not just about visibility, but a way for funds to communicate their value, shape perception and drive action. The outlay in advertising seems to be paying dividends. The uptick is evident in APRA tracking promotional-type expenses ...

ASIC moves to preserve derivatives and securities relief framework

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
... relating to securities lending. Under the Legislation Act, legislative instruments automatically sunset after 10 years unless action is taken to preserve them. Among the proposals is the remaking of relief that modifies product disclosure statement requirements ...

APRA embeds geopolitical risks management ground rules

KARREN VERGARA  |  THURSDAY, 18 JUN 2026
... identifies heightened exposure, weak governance, or inadequate crisis preparedness, we will take appropriate supervisory action to address these gaps."

ASIC puts private credit on notice ahead of EOFY

RIDDHIMA TALWANI  |  THURSDAY, 18 JUN 2026
... construction lending, capitalised interest. "For these reasons, refreshing June 30 valuations are an immediate point of action in private credit and across private markets investments generally. If valuations do not reflect current conditions and incorporate ...