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Showing 1271 - 1280 of 18754 results for "Act"

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
Over two million Australians, mostly women, have suffered financial abuse at the hands of an intimate partner, sometimes through the weaponisation of the tax system, with impacts that can be "devastating and long-lasting" to survivors and their families ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
The Australian Prudential Regulatory Authority (APRA) has accepted a Court Enforceable Undertaking (CEU) from ANZ to address ongoing weaknesses in the bank's non-financial risk management practices and risk culture. APRA also increased the capital add-on ...

Investors called on to help end modern slavery

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... response to forced labour and modern slavery and called on ACSI attendees to help. Evans said while Australia's Modern Slavery Act has some "weaknesses", company directors have started having open discussions about the issue. "I now have very engaged ...

Macquarie terminates Aussie equity funds

MATTHEW WAI  |  THURSDAY, 3 APR 2025
Macquarie Group has terminated two of its equity offerings, saying they've failed to achieve scale. The Macquarie Australian Equities Fund and the Macquarie Active Plus Equities Fund were terminated late last month. Macquarie said both did not "have ...

Pella Global Generations Fund launches in NZ

KARREN VERGARA  |  THURSDAY, 3 APR 2025
Pella Global Generations Fund has launched in New Zealand under a portfolio investment entity (PIE) structure. Expanding across the ditch, Pella Funds Management head of distribution Joy Yacoub said the flagship fund experienced growing demand from ...

EQT closes flagship infra fund at $37bn

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
EQT Infrastructure VI raised €21.5 billion (AU$37 billion) in total commitments, exceeding the €20 billion target. The capital raising includes the €21.3 billion in fee-generating assets under management and builds on EQT Value-Add Infrastructure's ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

RBA flags concerns over 'geopolitical uncertainties'

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.1% at the April meeting - coming as little surprise to markets and economists. However, the central bank flagged ongoing uncertainty amid fears US tariffs could impact global growth. ...

University endowment mandates Osmosis

JAMIE WILLIAMSON  |  TUESDAY, 1 APR 2025
The University of Adelaide Endowment Fund has invested with Osmosis via its Ex-Fossil Fuels Strategy. The University of Adelaide is now one of several endowment funds to place money in the Osmosis strategy, the Resource Efficient Core Equity ex-Fossil ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... Singh said one in five of the complaints AFCA received in 2024 in investments and advice alleged failure by the adviser to act in their client's best interest or to provide appropriate advice. "We have observed troubling behaviour where some advisers ...