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29 January 2021 • By Sarah Kendell • 1 min read

ASIC removes licence conditions on clearing house

A clearing house recently convicted for breaching client money provisions has had conditions removed on its licence by the corporate regulator

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IOOF’s advice outflows top $1bn

The institution reported that $1.3 billion flowed out of its advice business in the last quarter of 2020 as it sought to transform its wealth arm ...

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ASIC cancels licence of stockbroking group

The corporate regulator has cancelled the licence of a stockbroking group which was placed into liquidation two years ago. In a statement, ASIC ...

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Early super access could be less than expected

Money accessed through the early release of super scheme looked to be coming in under the government’s revised expectations as the scheme drew to a ...

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SMEs back in black as economy rebounds

The latest APRA statistics have revealed a surprising shift in COVID-related loan deferrals, indicating small businesses around the country are ...

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Australian economy back to normal by year end

The economy is expected to bounce back to pre-COVID levels by the end of 2021, with growth tipped to rebound strongly as the RBA considers further ...

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IOOF hit with super class action

The wealth management institution has been hit with a class action relating to “excessive fees” charged to super fund members. In a statement, IOOF ...

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Reforms won’t fix super underperformance

The government should not be prioritising the elimination of duplicate accounts over underperformance in its super reforms, a key super industry body ...

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ACTU blasts ‘ideologically driven’ super reforms

Australia’s largest union has claimed that the government’s super reforms will leave workers worse off by “stapling” them to underperforming funds

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Challenger secures banking licence

The investment management group has announced the acquisition of a banking business from a major super fund for $35 million, as it makes a play for ...

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