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Showing 1 - 10 of 1366 results for "AFFECTED"

Former Western AM investment chief to receive final judgement

MATTHEW WAI  |  MONDAY, 12 OCT 2026
... Management, ordering the firm to pay a $143 million (US$100m) civil penalty and establishing a Fair Fund to distribute money to affected investors in the disfavoured portfolios.

Genetic testing ban takes effect for life insurance

VINNY VUCAGO  |  FRIDAY, 9 OCT 2026
... and Investment Commission (ASIC) will enforce compliance, while suspected breaches can be reported to the regulator. Affected Australians can also seek resolution through AFCA or the Australian Human Rights Commission. AFCA's updated rules, approved ...

Life CCC spots 10.6k breaches in FY26

MATTHEW WAI  |  THURSDAY, 8 OCT 2026
... CCC) has published its FY26 annual report, which saw over 10,600 breaches by insurers with close to 30,000 customers affected. Of the 10,697 breaches in FY26, a single insurer accounted for 10,105, who has been sanctioned. The committee also sanctioned ...

ASIC appoints receivers to Star Investment Group

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... said the proceedings are intended to identify, preserve and protect assets that may be available to investors and other affected parties, while its investigation examines matters including fundraising, financial records, directors' duties and potential ...

AFCA raises concerns over advice sector in systemic issues report

RIDDHIMA TALWANI  |  TUESDAY, 6 OCT 2026
... conduct, and the broader client population had been adequately reviewed to determine whether other consumers may have been affected. "AFCA did not consider that the firm had demonstrated that the systemic issue was resolved," it said. "The case highlights ...

Adviser increase the 'strongest' since FY20: Padua WealthData

MATTHEW WAI  |  FRIDAY, 25 SEP 2026
... week was broad rather than big, with 23 licensee owners up against 18 down," Padua said. "A total of 81 advisers were affected by appointments and/or resignations this week, including 12 new entrants to the register." The increase includes three licensees ...

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... compensation program completed in January 2026," Netwealth said. "Netwealth paid compensation of approximately $101 million to affected members reflecting the value of each member's net capital invested in First Guardian." The proceedings have been brought ...

EQT AB's takeover bid for Perpetual comes to an end

KARREN VERGARA  |  MONDAY, 21 SEP 2026
... concluded," the board told shareholders this morning. Perpetual recorded stable revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue. Operating revenue of $1.4 billion was stable year-on-year, with revenue ...

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... directed into risk property developments and other investments. Across the broader collapse, almost 6000 Australians were affected, with more than $620 million of superannuation invested in the fund, according to Gordan Legal. Macquarie agreed in 2025 ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
... minimum 30% tax on the taxable income of the trust. Amounts already taxed in the hands of the trustee will generally not be affected by the tax. If no beneficiary is made entitled to trust income, the highest marginal rate plus the Medicare levy will ...
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