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FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... working with the UFAA. Schroeder was director, chief executive, responsible manager and a key person for Spectrum - once home to close to 100 advisers. ASIC surveillance identified serious concerns about the licensee's compliance with its obligations ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... the last committee hearing, Wilson asked about ME Bank's communication with ASIC on adjusting redraw balances on some home loans. Wilson then asked ASIC whether McPhee's representation of the bank's communication with the regulator was accurate. ...

Impact offers opportunity during crisis: Report

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... paid a return by government," UTS said. Early examples include the Newpin Social Impact Bond to restore children in out-of-home care to their families and the Benevolent Society Social Impact Bond to prevent children entering out-of-home care. OSII's ...

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
... system is working well and that banknote supply is maintained. And we have done this with around 90% of our staff working from home." Lowe said that despite evidence that the central banks package has been working as expected, he warned against increasing ...

Let's not waste the crisis

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... become clear is that it is people in lower paid jobs that are most heavily impacted. "They have jobs that cannot be done from home, often live in high density share housing and the nature of their job increases their exposure to the risks - e.g. workers ...

Collapse of REITs spells opportunity: SG Hiscock

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... said. "In addition, there are now the challenges of social distancing and the emergence of greater propensity to 'work from home'." Particularly in Sydney, CBD office investments could be disrupted as rents are higher and transport is more challenging ...

Expats sweat as main residence CGT cut-off looms

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... expats) aimed to make housing more affordable by reducing foreign investment; however, it did little to recognise Australian home owners who had followed opportunities abroad. "In my experience, expats are the ones that have been the most heavily impacted," ...

Time to buy residential property: Survey

ALLY SELBY  |  THURSDAY, 28 MAY 2020
Despite the coronavirus pandemic shutting down home inspections across the country and seeing many Australians' wallets run dry, more than 70% of property investors believe now is a good time to buy. That's according to new research coming out of the ...

Hong Kong financial hub status at risk

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... international hub, Hong Kong is known as a being an Australian regional base in Asia. AusTrade figures show Hong Kong is home to approximately 100,000 Australians and has over 600 Australian businesses operating in the region.

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... and was previously director Legal Australian Bankers' Association and head of credit for Telstra. "Delivering 'Live Well at Home' solutions for senior Australians is hugely rewarding," Bishop said. "Household Capital is leading the way in providing responsible ...