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Showing 1 - 10 of 209 results for "Hole"

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... lifted. Falcon Capital and the managed investment scheme (MIS) are now in liquidation, leaving Kee with a $380,000 black hole in her retirement savings. Her story is one of the 11,000 ASIC estimates to have been the victim of either the First Guardian ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... "Despite that, the government is asking poorer Australians, already feeling squeezed by cost-of-living pressures, to help plug a hole in the CSLR due to financial misconduct from others in high-risk products," SMC said. In addition, the government is ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... be done on the product design front to ensure sustainability in the years ahead. "[A lump sum] is a square peg in a round hole and clear evidence that more needs to be done to build a mentally fitter community," Cupitt says. "Insurers will always be ...

ASIC exposes holes in managed funds' offshoring cyber controls

KARREN VERGARA  |  MONDAY, 13 OCT 2025
Responsible entities (REs) of managed funds lack robust risk management practices when it comes to the cyber and security risks relating to services they offshore, according to ASIC. A review of 30 REs found that more than half or 17 rely on offshore ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... Mawhinney made the decision to stop paying investors sums due to them and was prepared to try to get the Mayfair Group out of the hole it was in by raising more money from unsuspecting investors," Justice Button said. In response, Mawhinney vowed to ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... security for those that are supposed to have "decades of potential working life still ahead." "It's a square peg in a round hole and clear evidence that more needs to be done to build a mentally fitter community," Cupitt said. "Insurers will always be ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... investigations found a significant shortfall in client assets. Court-appointed receivers later identified an estimated US$11.2 million hole in client portfolios, which had been pooled under a custodial structure with inadequate asset segregation. The ...

Funds SA deputy investment chief to depart

JAMIE WILLIAMSON  |  WEDNESDAY, 23 APR 2025
... working with Matt and developing a bond through a volatile period in the markets," he said. "As much as Matt will leave a hole which will be hard to fill, I am extremely fortunate to have a strong and deep team at Funds SA who will continue to strive ...

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
The federal government's pre-election budget is expected to unveil an underlying cash deficit of $26.1 billion for the 2025 financial year, while revenues will deteriorate by $11.3 billion over four years, a new report from Deloitte shows. The deficit ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. ...
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