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Showing 1 - 10 of 4951 results for "Practice"

US proposes fresh tariffs on Australia

ELIZA BAVIN  |  THURSDAY, 4 JUN 2026
The United States has proposed a fresh 12.5% tariff on Australia after the Office of US Trade Representative alleged Australia had failed to stop goods made with forced labour from entering markets. The Trump administration said Australian government ...

Centrepoint Alliance acquires two advice firms

KARREN VERGARA  |  MONDAY, 1 JUN 2026
Centrepoint Alliance will acquire Queensland financial advice practices Cairns Wealth and Pinnacle Wealth for $3 million from Astute Financial Management. The two practices, which operate within the Astute network, will add three advisers to Centrepoint ...

We don't always vote in complainants' favour: AFCA

MATTHEW WAI  |  MONDAY, 1 JUN 2026
... voted in favour of advice firms. Incidentally, the remaining 35% of cases result in a determination against the advice practice. "Our job is to be impartial and to take each case on its merits and apply the rules," Battaerd said. "Excluding insolvent ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
APRA hit Equity Trustees' subsidiary and the trustee for the HUB24 Super Fund, HTFS Nominees, with additional licence conditions. The new licence conditions centre on HTFS Nominees' weak, ill-defined and inconsistent investment option selection ...

More advisers go self-licensed to avoid associative risks

MATTHEW WAI  |  THURSDAY, 28 MAY 2026
... Licensing Summit 2026, highlighted that over one in three (35%) financial advisers now operate within a self-licenced practice, a stark contrast to around only 10% over 15 years ago. He noted the growth is a result of the intent to gain better control ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
Cyber threats have increased significantly over the past year, and experts are advising financial services businesses to enhance their security framework, not only to shield their digital infrastructure but to also to ensure their governance policies ...

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... mechanisms to harvest personal data and funnel consumers toward super switching and investment products. Cbus argued the practice was contributing to consumer harm, pointing to the collapse of the Sheild and First Guardian funds, where more than 11,000 ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... as AFCA continues to sharpen its focus on how financial firms implement consumer protection and hardship frameworks in practice. In its latest Systemic Issues Insight Report released last week, AFCA warned that while many financial services firms had ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
Regulators are putting the pressure on life insurers to manage problematic issues arising from total and permanent disability (TPD) products offered across the retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers ...
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