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Showing 1241 - 1250 of 1894 results for "Determine"

ASIC takes Macquarie to court over van Eyk fund

ALEX BURKE  |  THURSDAY, 23 JUN 2016
... Macquarie repaid $10.9 million plus interest minus fees and wind-up costs. ASIC and Macquarie will now go to court to determine adequate penalties. Commenting on the proceedings, ASIC commissioner Greg Tanzer said: "The Corporations Act places important ...

AMP Capital determined to keep China fund open

ALEX BURKE  |  THURSDAY, 16 JUN 2016
Following the push from activist investor LIM Advisors to wind up the AMP Capital China Growth Fund, AMP Capital has said the majority of unitholders would prefer enhancements to giving the fund the axe. Responding to the recent comments from LIM Advisors ...

Synchron lands payroll tax win

KERRIE SYDEE  |  TUESDAY, 14 JUN 2016
Leading non-institutional licensee, Synchron, has won its battle on payroll tax that would have had major financial implications for Australian licensees. After a five year legal battle, the State Revenue Office (SRO) Victoria has issued a letter to ...

Swiss say no to universal basic income

MARK SMITH  |  TUESDAY, 7 JUN 2016
Swiss voters have overwhelmingly rejected a proposal to give their entire population enough money to live on. A projection provided to the public broadcaster RTS said 78% had voted against the scheme, which would see all Swiss citizens, along with foreigners ...

ASIC ban upheld, investment banker jailed

KERRIE SYDEE  |  MONDAY, 6 JUN 2016
... was initially banned by ASIC for a range of misconduct issues including: providing inappropriate advice, failing to determine clients' relevant personal circumstances, copied and pasted client signatures on forms and arranged for implementation of advice ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 20 MAY 2016
Australia employment 'Twas a miss. Australian employers added 10,800 workers to their payrolls in April, missing expectations for a 12,500 gain and less than the 25,700 heads added in the previous month. While hiring continues to grow - employment growth ...

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
... ASIC. As a result of the EU, HSBC will implement a remediation plan for affected clients; develop an assessment plan to determine whether this kind of advice affected clients invested in "other types of products"; and appoint an independent export to ...

Blue Sky announces $66 million equity raising

ALEX BURKE  |  WEDNESDAY, 11 MAY 2016
Blue Sky Alternative Investments has announced it will conduct a $66.8 million equity raising. The initiative consists of a $30 million placement to institutional, professional and sophisticated investors at $6.50 per share and an accelerated non-renounceable ...

Sequoia executive director departs

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
Sequoia Financial Group has announced the departure of an executive director and will be seeking a suitable candidate to fill the role. Delan Pagliaccio resigned from the position, effective from 2 May 2016, in order to pursue a number of other corporate ...

Budget delivers blow to aged care

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
Funding to aged-care providers will be cut by $1.2 billion over four years, in a move the government claims was the result of greater than expected growth in expenditure. The budget papers state that the efficiencies will be achieved through "changes ...