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Showing 81 - 90 of 1100 results for "Notice"

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
Three AFS licensees - Australian Advice Network, IA Advice, and Sherrin Partners Services - have copped infringement notices from ASIC after their financial advisers provided personal advice while unregistered. Each licensee paid a $31,300 penalty in ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... assets Caddick invested never existed when reviewing the annual financial report. Among many things missed, auditors did not notice that Caddick's CommSec accounts lacked the right number of digits. Authentic accounts usually have eight digits, while ...

Green technology, clean energy receive Budget boost

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Aligned with the Future Made in Australia agenda, the government is continuing to invest billions into green technologies and the energy transition. The federal government has also allocated funding for innovative technology and clean energy manufacturing ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Economist's wishlist: Lower tariffs, bond yields settling

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2025
AMP deputy chief economist Diana Mousina has listed the top five things the AMP econosights team is hoping to see in 2025. Firstly, Mousina said that while higher trade tariffs are unavoidable given the incoming US President, she hopes the US will stop ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... superannuation funds, potentially leading to poor outcomes for members in cases where there isn't sufficient scale," the notice reads. "This decision has been reached following a thorough evaluation of the fund, which considered its features, financial ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... would support a sharpened focus on member outcomes beyond individual funds. "A mandatory code of conduct puts everyone on notice and serves to uplift the performance of the entire industry when it comes to service standards," he said. "A code would make ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
A settlement has been reached in the class action filed in the Federal Court against auditors for SMSFs run by Melissa Caddick. The class action - led by Melbourne-based law firm Mackay Chapman - was filed on behalf of 21 original group members. Just ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC put super funds on notice, writing to chief executives to express its concerns over death benefit claims processing times across the industry. The regulator ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice, writing to chief executives to express its concerns over death benefit claims processing times across the industry. The ...