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Bank defends boss on credit card bill

BY AAP | WEDNESDAY, 4 FEB 2004 8:07AM

Australia's central bank today strongly defended its boss Ian Macfarlane over a $249,000 bill from his taxpayer-funded credit card.

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Vanguard to acquire custodian Altruist

KARREN VERGARA

Vanguard will acquire custodian and investment platform Altruist in a bid to expand into the American independent financial adviser market.

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Financial Advice Association Australia (FAAA) said it will advocate strongly to expand the scope of the New Class of Advisers' to all financial advisers, which will currently be limited to only superannuation funds and life insurers.

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The Self-Managed Super Fund Association (SMSFA) has appointed Keddie Waller as the head of professional standards.

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Eligible UniSuper members will receive a tax-free bonus of up to $14,700 when they move into retirement phase from October 1.

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