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Showing 1 - 10 of 890 results for "Failing"

Accounting sector rejects shifting CSLR costs to SMSFs

VINNY VUCAGO  |  THURSDAY, 11 JUN 2026
... funding costs onto self-managed superannuation funds (SMSFs), warning the move would unfairly penalise investors while failing to address the root causes of consumer losses. In a joint submission, CPA Australia, Chartered Accountants Australia and New ...

Franklin Templeton's Western AM hit with US$100m penalty

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
Franklin Templeton's Western Asset Management has been hit with a whopping US$100 million penalty for failing to detect and prevent its former co-chief investment officer's alleged cherry-picking scheme. The order follows the SEC's 2024 ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... Court against 26 defendants relating to these issues. This includes recent action against Equity Trustees for allegedly failing to meet its trustee obligations and not act in members' best financial interests when onboarding the First Guardian Master ...

Invesco, Trinetra IM strategies to wind up

KARREN VERGARA  |  WEDNESDAY, 3 JUN 2026
After failing to scale, Invesco's True Balance Fund and Trinetra Investment Management's emerging markets strategy are set to wind up. The multi-asset Invesco True Balance Fund, which had about $37.5 million in assets, will terminate on June 4. Application ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...

Calls for CGT, negative gearing reforms 'unanimous': Mulino

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... He said one of the clearest outcomes from those discussions was widespread agreement that existing policy settings were failing younger Australians. While refusing to disclose modelling or confirm whether the proposed measures would lower house prices ...

TelstraSuper did fall foul of IDR obligations: Federal Court

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... it of over 4000 contraventions in total. The Federal Court was satisfied TelstraSuper had breached its obligations by failing to respond to 125 of the 323 complaints it received between 22 October 2021 and 13 January 2023 within 45 days. In about 30% ...

Digital asset adoption in SMSFs not a surprise: Burgess

MATTHEW WAI  |  THURSDAY, 7 MAY 2026
... their SMSF in the same year as their first digital asset investment. Observing this, OKX believes industry super funds failing to increase investor preferences for certain asset classes may see some members continue to enter the self-directed structure. ...

ASX declares CHESS clearing services ready

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
ASX has confirmed CHESS Release 1 is ready for market open to provide clearing services. ASX is aiming to implement Release 2 of CHESS replacement in 2029. ASX said all approved market operators (AMO) advised they successfully connected to the new system ...

K2 AM to close small cap ETF

KARREN VERGARA  |  MONDAY, 20 APR 2026
K2 Asset Management (KAM) is shutting its small cap ETF for failing to achieve sufficient scale after nearly 11 years. The K2 Australian Small Cap Hedge Fund Complex ETF (ASX: KSM) is winding down with the last trading day set for May 15. Incepted on ...
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