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Showing 81 - 90 of 2900 results for "April 2013"

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
The government will introduce a bill to parliament this week that proposes abolishing the treasurer's power to override the Reserve Bank of Australia's (RBA's) monetary policy decisions. Treasurer Jim Chalmers today announced the government's plans ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
Perth Mint has entered an enforceable undertaking (EU) with AUSTRAC to improve compliance with Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws. In August, the financial crimes regulator ordered the appointment of ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
The $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
The corporate regulator's bid to run an expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having ...

AMP names super, investments lead

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
AMP has appointed a former BT Financial Group executive to its ranks to lead its superannuation, master trust, and investments unit. Melinda Howes will take on the role of group executive for superannuation and investments from 29 January 2024, leading ...

Perpetual hires new distribution lead

ELIZABETH FRY  |  FRIDAY, 13 OCT 2023
... been changed by innovation and by a surge of investment in information technology. He also bagged seed round funding for APRIL (formerly Limepay) - a new payments technology. Further, in 2020 he spearheaded its business development and connected the ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Disgruntled AMP shareholders are set to receive $84 million out of the $110 million class action settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...