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| | | The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ... |
| | | | ... sustainable super options remains a fraction of the $157.3 billion directed toward non-sustainable peers. "This divergence reflects not only broader market caution but also the cyclicality of thematic investing," the report said. In the sustainable strategies ... |
| | | | ... $10 billion for up to 35,000 new homes over the next five years. It has argued that stamp duty should still be reported, but not as a fee. Rather, it should be disclosed separately "as the unavoidable tax it is." Property Council of Australia chief executive ... |
| | | | ... fee to be deducted from a product account. "The goal was to simplify this regime and to streamline it. In practice, that has not been achieved and we now have duplication of forms and confusion. The legislative complications, such as the need to include ... |
| | | | ... cash rate in line with current market expectations," Bassanese said. "That said, barring a major growth scare, the RBA does not seem in any rush to cut interest rates. While there are risks to both the global and local economy, these seem relatively ... |
| | | | ... entities such as listed companies or multinational enterprises," Freeland said. "However, the current entry requirements do not adequately differentiate between various audit risks, leading to unnecessary barriers and costs for lower-risk audit engagements. ... |
| | | | ... Assurance Society (CMLA) with AIA Australia joining as the third respondent in April 2021. The class action alleges that CFSIL did not act in the best interests of members and breached its trustee duties when taking out group insurance policies obtained ... |
| | | | New research by Super Members Council (SMC) found those on the lowest wealth rungs are not benefitting from super as those further up the ladder. SMC said this was due to less paid work due to disability, health or caring responsibilities; higher costs ... |
| | | | ... fund's investments in Israel will now be limited to companies that are in the equity benchmark index. However, we will not be invested in all Israeli companies in the index," NBIM said. "We have spent the recent days selling all our investments in ... |
| | | | IFM Investors is dipping its toes into the student accommodation sector, acquiring assets at Curtin University from InfraRed Capital Partners. Marking its entry, IFM will acquire the Curtin University Student Accommodation project via Infranexus, its ... |
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