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Showing 81 - 90 of 12507 results for "FAC"

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
ASIC has cancelled the Australian Financial Services Licence (AFSL) of Capital Guard after finding that it had engaged in dishonest conduct, including the selling of a fake bond and providing false documents to its auditor. ASIC said the licence was ...

First Guardian victims recoup 8% of $38m loan

KARREN VERGARA  |  FRIDAY, 3 JUL 2026
Victims of the First Guardian Master Fund will only recoup $2.9 million out of a $38.3 million loan made by responsible entity Falcon Capital, according to liquidators who said the amount represents a realistic commercial value compared to alternative ...

ARK Invest awards local distribution mandate

KARREN VERGARA  |  FRIDAY, 3 JUL 2026
Cathie Wood's ARK Investment Management has chosen Associate Global Partners (AGP) to help distribute its venture capital strategy to Australian wholesale investors. ARK Venture Fund, which is set to launch in Australia this month, is an actively ...

APRA names new deputy chairs

VINNY VUCAGO  |  FRIDAY, 3 JUL 2026
The Australian Prudential Regulation Authority (APRA) has welcomed the appointment of two new deputy chairs, with current board member Therese McCarthy Hockey and former assistant treasurer David Bradbury set to join the regulator's leadership. ...

WT Financial bets on scaling advice practices

RIDDHIMA TALWANI  |  THURSDAY, 2 JUL 2026
WT Financial (WTL) is betting on scaling advice practices by consolidating its Hubco strategy, under which it is selling its consumer-facing subsidiaries to its first Hubco investment, Titan Advice Group (TAG). It is divesting from its subsidiaries ...

Treasury publishes final report into the ERS

ELIZA BAVIN  |  THURSDAY, 2 JUL 2026
The final report into the Enhanced Regulatory Sandbox (ERS) has been published by Treasury with six recommendations being made. Minister for financial services Daniel Mulino said the government would consider the recommendations and provide a response ...

Perpetual rejects $2.5bn takeover offer

ELIZA BAVIN  |  THURSDAY, 2 JUL 2026
Perpetual has rejected an unsolicited takeover bid from Swedish private equity giant EQT which valued the firm at $2.5 billion. The "unsolicited, non-binding, conditional and indicative proposal" was for $21.64 cash per share, representing a 40% premium ...

ASIC pushes to bolster competitiveness

ELIZA BAVIN  |  TUESDAY, 30 JUN 2026
ASIC has brought together market and financial services leaders in a push to bolster competitiveness in Australia's capital markets. This comes after new research found Australia needs to move quickly or be left behind as other jurisdictions adopt financial ...

Mercer cuts mandates for Global Listed Property Fund

KARREN VERGARA  |  TUESDAY, 30 JUN 2026
Mercer Investments Australia has again trimmed its fund manager line-up, this time making changes to its Global Listed Property Fund. Effective July 1, Principal Asset Management will be the sole fund manager overseeing the Mercer Global Listed Property ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ...