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Showing 1 - 10 of 935 results for "Compensation"

The risks keeping APRA's new deputy chair up at night

RIDDHIMA TALWANI  |  FRIDAY, 23 OCT 2026
... be particularly challenging for the system if it happened on a large scale, placing enormous pressure on existing compensation mechanisms." He said awareness is no longer enough and institutions need to know their prevention, detection and response controls ...

Workplace mental ill-health can cost Australia $27bn: Report

RIDDHIMA TALWANI  |  TUESDAY, 20 OCT 2026
... for close to 54% of direct economic costs. These costs are largely borne by industry before shifting into workers compensation, life and health insurance, and then government-funded support systems. "Workplace-driven mental ill-health is not a future ...

Corporate, governance issues fuel whistleblower tipoffs: ASIC

KARREN VERGARA  |  TUESDAY, 20 OCT 2026
... Netwealth have made their clients whole following court enforceable undertakings agreed with ASIC. ASIC is seeking compensation for the clients of Equity Trustees Superannuation and Diversa Trustees, which remain before the Federal Court. ASIC raked ...

ASIC bans 14th adviser from MWL

MATTHEW WAI  |  MONDAY, 19 OCT 2026
... responsible manager a month later. Meanwhile, ASIC has cancelled MWL's Australian credit licence following a payment by the Compensation Scheme of Last Resort (CSLR). After failing to pay Australian Financial Complaints Authority's determination in late ...

FEATURE | Governance | Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... pursue redress through multiple avenues," Mulino said. "They should have a clear and practical pathway to meaningful compensation." Entireti group chief executive Neil Younger says under the current model the responsibility ultimately finds its way back ...

'Flawed' CSLR model needs to be redesigned: SMC

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
The latest proposal from the government to see super funds contribute to the Compensation Scheme as a Last Resort (CSLR) would force everyday Australians to fund failures which arose in unrelated high-risk financial services, the Super Members Council ...

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI  |  THURSDAY, 8 OCT 2026
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme. Treasury recently commenced ...

Netwealth to defend First Guardian class action

RIDDHIMA TALWANI  |  FRIDAY, 25 SEP 2026
... claim relates to matters previously addressed through Netwealth's court enforceable undertaking with ASIC and the compensation program completed in January 2026," Netwealth said. "Netwealth paid compensation of approximately $101 million to affected ...

Mulino opens CSLR special levy consultation

ELIZA BAVIN  |  TUESDAY, 22 SEP 2026
Treasury has commenced a targeted consultation on the distributions of the 2026-27 special levy for the Compensation Scheme of Last Resort (CSLR). This comes after the CSLR operator announced in July that the estimated claim costs for 2026-27 were $190.3 ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... claims relate to matters previously addressed through Netwealth's court-enforceable undertaking with ASIC and the compensation program completed in January 2026," Netwealth said. Last week, Gordan Legal commenced a class action against Macquarie Investment ...
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