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Showing 1 - 10 of 32 results for permitting

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... it's necessary to introduce a differential test which undermines the intention of the performance test regime by permitting a class of super products to underperform compared with the rest of the market," ISA said. "The regulations don't provide ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... it's necessary to introduce a differential test which undermines the intention of the performance test regime by permitting a class of super products to underperform compared with the rest of the market," ISA said. "The regulations don't provide ...

ASIC imposes travel restraint orders against ex-director

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... the consent of the Court. McCabe be restrained from applying for the issue of any passport, visa or other document permitting international travel. McCabe's trustee in the bankruptcy deliver his passport to the Sydney Registry of the Federal Court. ASIC ...

Chief economist update: Recovery flashing hot, hot, hot

BENJAMIN ONG  |  MONDAY, 24 MAY 2021
The impact of decelerating coronavirus infections, accelerating vaccination momentum - permitting relaxation of restrictions - sprinkled with generous dashes of fiscal and monetary largesse have been captured in Markit Economics' latest PMI surveys. ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings, as well as permitting the digital execution of documents over the coming six months. "Throughout this health crisis it has been a fundamental priority ...

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... an undesirable market distortion by preventing conflicted advice in the secondary market (transfer acquisitions) but permitting conflicted advice for the whole primary market (issue acquisitions)," ASIC said at the time. "From a consumer protection perspective ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... changes were made to the jurisdiction of AFCA to extend the normal six-year limitation period to commence litigation by permitting AFCA to deal with matters arising after 1 January 2008. Creevey argues some businesses and farmers have fallen through ...

Cull flat fees for small pensions: Report

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
... a pension fund makes a good return, a flat fee structure can completely wipe off its return. "We are concerned that permitting a combination of a flat fee plus a percentage of funds under management charge has the potential to completely erode small ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
Permitting the entrance of further competition in the superannuation marketplace would reduce fees by $292 million per year across 14 million MySuper accounts. A report issued by Deloitte Access Economics (DAE) finds that the facilitation of choice ...

ASIC bans ex-AMP adviser

KARREN VERGARA  |  TUESDAY, 27 JUN 2017
... environment for a possible breach" of the market integrity rules. The regulator added Macquarie's conduct was "reckless" for permitting to trade for 39 days, given a market participant in the same position would have taken reasonable steps to temporarily ...
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