The latest issue of Financial Standard now available as an e-newspaper
| | TUESDAY, 21 SEP 2021 12:41PMIn its submission to the inquiry into common ownership, BlackRock point out the theory behind the inquiry is "based on fundamental misconceptions", adding that any possible reforms based on ideas still under debate would be premature.|
|A former financial adviser that was sentenced to six years' prison in May has now been permanently banned by ASIC.|
|ASIC has brought 30 criminal charges against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty.|
|ASIC has released its annual report on the number of Australian financial services licences (AFSLs) and Australian credit licences (ACLs) applied for and approved - revealing an increase in applications.|
|ME Bank has appeared in Federal Court, facing criminal charges for allegedly making false and misleading representations in letters to its home loan customers.|
|A Uniti Group executive director and the former Vocus Group chair was charged with insider trading for dumping his Vocus shares after he knew an acquisition of the company was unlikely to go ahead.|
|Papua New Guinea's consumer regulator, the Independent Consumer and Competition Commission (ICCC), has denied Westpac's sale of its Pacific business to Kina Bank.|
|The Australian Tax Office announced it will not pursue businesses that took advantage of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error.|
|The collapse of a property investment group, Members Alliance and Benchmark, has resulted in 72 criminal charges.|
|Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning.|
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Tomorrow Super is readying itself for a $5 million pre-IPO funding round, with the promise of a financial adviser friendly superannuation solution.
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Investment consultant firms from across the world with US$10 trillion in assets under advice have joined together to launch a global net zero initiative.
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Senator Jane Hume is warning consumers who fall victim to bad advice from finfluencers not to rely on the government for compensation.
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In its submission to the inquiry into common ownership, BlackRock point out the theory behind the inquiry is "based on fundamental misconceptions", adding that any possible reforms based on ideas still under debate would be premature.
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