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Showing 1 - 10 of 244 results for "Modi"

Treasury consults to align company minimum tax

MATTHEW WAI  |  MONDAY, 4 MAY 2026
Treasury is currently seeking feedback in making several changes in the Taxation (Multinational-Global and Domestic Minimum Tax) Act 2024, as it aims to be consistent with the rules from the Organisation for Economic Co-operation and Development (OECD). ...

Severe underperformance sees Polen Capital funds wound up

JAMIE WILLIAMSON  |  TUESDAY, 24 MAR 2026
Montgomery Investment Management has cut ties with Polen Capital, with the latter's responsible entity opting to terminate its funds after five years of underperformance. Polen Capital first entered the local wholesale market in 2021 through a partnership ...

Division 296 legislation passes, LISTO to increase

MATTHEW WAI  |  WEDNESDAY, 11 MAR 2026
The controversial Division 296 superannuation tax has passed through both houses and will take effect from July 1, alongside changes to the Low-Income Superannuation Tax Offset. Treasurer Jim Chalmers announced the passage of the Treasury Laws Amendment ...

ASIC releases new ETP guide amid booming market

KARREN VERGARA  |  MONDAY, 10 NOV 2025
ASIC has released a new regulatory guide for exchange-traded products (ETPs) to help participants comply with their obligations in a booming market. RG 282: Exchange-traded products targets issuers, responsible entities and market operators. In the ...

APRA updates governance framework

ELIZA BAVIN  |  FRIDAY, 24 OCT 2025
The Australian Prudential Regulation Authority (APRA) has provided an update on its consultation to modernise the prudential framework on governance for superannuation trustees, banks and insurers. In March, APRA proposed eight measures to update its ...

ASIC blasts managed funds' poor compliance plans

KARREN VERGARA  |  MONDAY, 2 JUN 2025
Too many responsible entities (REs) of managed funds are falling short of their obligations to adequately address design and distribution obligations (DDO), the reportable situations regime and internal dispute resolution processes and reporting (IDR) ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
Cybercriminals attempted to breach the systems of several superannuation funds over the weekend, although most attacks were repelled, thousands have been affected. Rest said fewer than 1% of its members have been affected by unauthorised activity on ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
The Australian Prudential Regulation Authority (APRA) will keep its current macroprudential policy settings steady following its regular review of domestic and international economic and financial conditions and risks. APRA's macroprudential policy ...
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