Market WrapBY AAP | WEDNESDAY, 21 APR 2004 8:41AMIn Sydney today, Australian stocks are set to stumble after US markets dropped sharply overnight following comments from Federal Reserve chairman Alan Greenspan that were taken to imply that interest rates there could soon rise. |
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Early access undermines super's purpose: Mulino
Assistant treasurer Daniel Mulino took an aim at plans by the opposition to let Australians dip into their super early, stating weakening preservation would undermine intergenerational protections and hurt the most vulnerable.
ASIC ups thresholds for NTA requirements
ASIC has introduced new rules that will require managed investment schemes (MISs) to increase minimum financial thresholds in their net tangible assets (NTAs).
The risks keeping APRA's new deputy chair up at night
The Australian Prudential Regulation Authority's (APRA) new deputy chair David Bradbury said the risks that keep him awake at night are those with the potential to threaten the financial stability of the super system or cause catastrophic losses for members.
Merricks Capital operating chief joins PC firm
Former Merricks Capital chief operating officer has joined a specialised private credit firm after overseeing Merricks Capital's financial and operational businesses for the past six years.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.






