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Showing 1161 - 1170 of 18748 results for "Act"

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... of the Criminal Code 1913 (WA). These amounted to more than $4 million in investor funds. Five counts relate to failing to act in good faith under section 184 of the Corporations Act 2001, amounting to about $2.5 million of investor money. Another five ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
HESTA members currently in the midst of an extended limited services period will not see a pause or reduction applied to their administration fees, the fund confirmed. The $89 billion fund is currently transitioning to GROW Inc. (GROW) for its administration ...

Third Link adds three underlying Aussie equity managers

MATTHEW WAI  |  MONDAY, 12 MAY 2025
The investment manager of the Third Link Growth Fund has added three new Australian equity managers to its underlying portfolio to enhance the fund's active manager lineup, while broadening diversification and bolstering long-term returns. Australian ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
Financial Advice Association Australia (FAAA) chief executive Sarah Abood has voiced concerns about the future of Div 296, given Labor's overwhelming victory at the federal election. The proposed 30% tax on superannuation balances above $3 million could ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
... mislead consumers if the operation of those terms is modified by, or inconsistent with, provisions of the [Insurance Contracts Act 1 984 (Cth)]". ASIC first took action on HCF Life in May 2023, alleging it used unfair and misleading terms that can deter ...

Super funds put foot down on Woodside

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
Aware Super and HESTA have voted against the re-election of Woodside director Ann Pickard, who also chairs the Energy Board's Sustainability Committee, with HESTA also voting against the broader remuneration plan. The super funds said the gas giant ...

Vista Equity Partners, S64 to bring strategy to APAC

MATTHEW WAI  |  FRIDAY, 9 MAY 2025
The new fund, VistaOne, will provide APAC investors with access to a balanced portfolio of 'mission-critical' software solutions via Vista's private equity platform. VistaOne invests across the lifecycle of large, mid, and small cap private software ...

Longview Partners sets up local hub

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
A former Apostle Funds Management global distribution lead has been named head of APAC and Middle East for a London-based firm. The newly created role will see Kimon Kouryialas lead Longview Partners' growth strategy in the region. Kouryialas is ...

Aware Super appoints UK private equity lead

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
Aware Super has bolstered its London team with the appointment of three executives to manage its infrastructure, private equity and property portfolios in Europe and the US. Importantly, the $190 billion superannuation fund has recruited Frank Bulman ...

Activist fund manager promotes three staffers

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
Wilson Asset Management has promoted three staffers following the launch of two new investment companies this year - an income style product and a fund that backs companies run by founders. William Liu, Anna Milne, and Shaun Weick have taken on new ...