ASIC extends employee redundancy funds legislative instrument

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ASIC has made a new legislative instrument which continues the effect of longstanding ASIC relief set out in ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 until 1 October 2021. An employee... Read more continue reading

Insight Investment fund added to Netwealth platform

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Insight Investment, a leading global investment manager, has announced that the Insight Diversified Inflation Plus Fund has been added to the Netwealth platform. The A$211.7m[1] Australian-domiciled Fund, which has recently marked its fourth anniversary,... Read more continue reading

Conclusion of Federal Court action

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Fractional property investment company DomaCom (ASX:DCL) announces the conclusion to the legal proceedings which the Company has been supporting in the Federal Court of Australia, to consider the application of... Read more continue reading

ASIC review finds unacceptable delays by financial institutions in reporting, addressing and remediating significant breaches

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In a report released yesterday, ASIC has identified serious, unacceptable delays in the time taken to identify, report and correct significant breaches of the law among Australia’s most important financial... Read more continue reading

Family finances seen in best shape for 8 months

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Consumer sentiment Consumer confidence: The ANZ-Roy Morgan consumer confidence rating fell 0.7 per cent from 5-week highs to 117.2 in the past week. The index is comfortably above the average of... Read more continue reading

Prime Value Opportunities Fund upgraded by Lonsec

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Strongly performing high conviction equities fund, the Prime Value Opportunities Fund, has been upgraded to “recommended” by ratings house Lonsec. This follows a recommended rating from Zenith Investment Partners earlier... Read more continue reading

Regulated by ASIC? Urgent action required by 27 September

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Organisations and individuals regulated by ASIC must act by this Thursday 27 September to meet their legal obligations under new industry funding laws. ASIC sent a letter in July to... Read more continue reading

New Assistant Treasurer to address 2018 AFA National Adviser Conference

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The newly-appointed Assistant Treasurer, the Hon. Stuart Robert is confirmed to address the Association of Financial Advisers (AFA) National Adviser Conference (the AFA Conference) on the Gold Coast. AFA Conference... Read more continue reading

$414bn of Australia’s hard earned cash is invested in underperforming funds

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Research from digital wealth provider InvestSMART has shown many of the country’s biggest fund managers are charging fees for no, or underwhelming, performance. InvestSMART modelling of Morningstar data shows over... Read more continue reading

Wholesale petrol prices hit 4-year highs

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Weekly Petrol prices Petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.6 cents to a four-month high of 152.8 cents a... Read more continue reading