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Showing 81 - 90 of 5986 results for %22Fed%22

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
Piper Alderman is examining a second class action in relation to contracts for difference (CFD) products, this time against International Capital Markets Limited (IC Markets). The action is on behalf of retail investors who claim to have collectively ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Legislating the payment of superannuation on all forms of paid parental leave is one of the seven recommendations proposed by the Women's Economic Equality Taskforce (WEET) that will help build economic equality over the next 10 years. Releasing ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... changes in financial conditions can have implications for the path of monetary policy," he said. In conclusion, Powell said the Fed is resolute in its commitment to bring down inflation. "A range of uncertainties, both old and new, complicate our task ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
The banking giant will likely face a hefty fine after the Federal Court found it breached continuous disclosure laws in 2015. The Court found that ANZ contravened continuous disclosure laws by failing to tell the market that underwriters had filled ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

Housing crisis costing Australia $64bn: Aware

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
A lack of affordable housing for essential workers in capital cities is draining the nation of $64 billion, with Aware Super saying that's how much the scarcity is costing workers, employers and the community. Aware Super has reviewed the socioeconomic ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
The National Farmer's Federation (NFF) has voiced strong opposition to the government's draft reforms on tax concessions for superannuation balances over $3 million, signalling potential ramifications for rural communities. The NFF said that ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
The local subsidiary of TPP Global Investments has been ordered by the Federal Court to produce documents it has so far withheld from ASIC. Provide Nominees (Provide), which trades as Provide Capital, came under the watchdog's surveillance in March ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
While yet to reach a final agreement with Australian Retirement Trust (ART), Commonwealth Bank Group Super has told members they will transfer to the industry fund next month. In February, CBA Group Super announced it was exploring a merger with ART ...