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Showing 1221 - 1230 of 4755 results for "July 2009"

Powerwrap delists, Praemium takes over

ANNABELLE DICKSON  |  MONDAY, 12 OCT 2020
Managed accounts platform Powerwrap has de-listed from the ASX and its chief executive and board have stepped down following the acquisition by Praemium. In the next move of the off-market takeover, Praemium made payment of the 94% in acceptances on ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
Last night's superannuation reforms could be a "modest negative" for AMP, IOOF and Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
The government has implemented a raft of tax relief measures for individuals and businesses in the 2020/21 budget in an effort to boost consumption in the economy and support business investment. Over 99% of businesses will be able to write off the ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
ANZ will pay $10 million in penalties for unconscionable conduct after the Federal Court found it breached its obligations as a financial services licensee. Between August 2003 and September 2015, it was found ANZ charged certain fees to personal and ...

Fintechs receive JobMaker funding boost

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
Fintechs and regtechs are among the beneficiaries of the Federal Government's $800 million package aiming to help businesses boost their digital capabilities as part of the JobMaker scheme. The JobMaker Digital Business Plan will give fintechs a $9.6 ...

Evans invites 360 Capital to board

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
Evans Dixon has invited a member of 360 Capital to a seat on the board after the funds management group acquired a 19.55% stake in the company. Evans Dixon invited Tony Pitt to join the board saying the stake 360 Capital bought in the business has shown ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
Like the Energizer bunny, the price of iron ore keeps on going and going and going... up. And this, despite the coronavirus pandemic still doing the rounds on Earth - ongoing first wave or second wave - with worldometer.com's latest stats showing ...