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15 June 2020 • By Sarah Kendell • 1 min read

ASIC imposes licence conditions on fund administrator

A custodian and fund administrator has had additional conditions imposed on its licence after it deposited money into unauthorised client bank ...

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Government confirms first recession in 29 years

The government has confirmed Australia will enter recession for the first time in almost three decades, with the economy contracting in the first ...

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Iress acquires OneVue

Australia's biggest provider of financial advice technology has announced it will acquire a major listed platform provider. In a statement, Iress ...

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Chinese financier stakes claim on Madison sale

Platform provider OneVue has conceded that a recent claim from a Chinese creditor regarding the collapse of Sargon could see a further court battle ...

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Linchpin directors cop 5-year ban

Three former directors of liquidated advisory firm Linchpin Capital have been banned from financial services for five years. In a statement, ASIC ...

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Real unemployment approaching 10%

Treasury has revealed to the Senate committee on COVID-19 that April’s unemployment figures could be much higher than indicated due to the large ...

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Up to 150 fund members affected by early release scam

The Australian Federal Police are investigating a fraud committed through the government's early release of super scheme where up to 150 super fund ...

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Preferred bidder emerges for dealer group sale

A preferred bidder will be selected this week to purchase a privately owned dealer group whose fate has been in limbo since receivers were appointed ...

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Statement of agreed facts filed in NAB case

A statement of agreed facts and admissions has been filed in the Federal Court by ASIC, MLC Nominees and NULIS. The statement sets out facts that ...

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November rate cut unlikely

A rate cut in November is less likely following the release of CPI data, but quantitative easing remains an option for the RBA. The Australian ...

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