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Showing 111 - 120 of 222 results for "Constitution"

AMP Capital hits back at second LIM wind-up letter

ALEX BURKE  |  TUESDAY, 26 JUL 2016
... "discarded in connection with the 2016 strategic review." Furthermore, it was "open to LIM to call a meeting to change the constitution of the fund, provided that the proposed amendment was otherwise permitted by law." In regards to AMP Capital's alleged ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 12 JUL 2016
... majority in the House. The opposition Democratic Party won 32 seats. While the elections centred on the issue of constitution reform, Prime Minister Abe declared in his victory speech that, "We have to accelerate Abenomics to meet the public's expectations". ...

Cromwell Riverpark Trust extended for five years

KERRIE SYDEE  |  MONDAY, 11 JUL 2016
... the trust, exceeding the 50% required. A further 95.83% of unitholders voted to approve an amendment to the trust's constitution in order to implement the rollover proposal. Cromwell funds manager Hamish Wehl said the vote was a great result for unit ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 28 JUN 2016
UK credit rating The Brexit fallout continues. Credit-rating agencies Standard & Poor's and Fitch Ratings have downgraded the United Kingdom's sovereign credit rating. Standard & Poor's lowered the UK's credit rating by two notches, from 'AAA' to 'AA' ...

FEAL appoints new independent chair

KERRIE SYDEE  |  TUESDAY, 22 MAR 2016
... current chair, Neil Cochrane, who has held the position for six years, the maximum tenure allowed under the FEAL constitution. Cochrane will step down at the FEAL National Conference, held on 3-4 August in Sydney. Perry, who resigned from her position ...

Fund managers not ready to enter new MIT tax regime

DARREN SNYDER  |  MONDAY, 21 MAR 2016
A tax partner at business law firm Hall & Wilcox believes some small to mid-size fund managers will struggle to be ready to enter the new tax regime for managed investment trusts (MITs). The new tax regime is expected to become law from 1 July 2016 ...

AMP China Fund changes "too weak": unit holders

LAURA MILLAN  |  FRIDAY, 25 SEP 2015
... holders in Sydney in late October 2015 to consider its proposal of installing a 10% discount ceiling into the fund's constitution and allowing unit holders to call for a wind up or open ending of AGF if the discount exceeds that figure on any month end ...

PROFILE: BlackRock head of corporate governance Pru Bennett

ALEX BURKE  |  TUESDAY, 22 SEP 2015
... recommending that their clients - who were institutional investors like BlackRock - vote against an amendment to the constitution, and I was horrified." Specifically, she had no idea why the report from a governance advisor would recommend against giving ...

OPINION: Why ditching the monarchy makes sense in the Asian century

ANDREW BRAGG, DIRECTOR OF POLICY AT THE FINANCIAL SERVICES COUNCIL  |  MONDAY, 21 SEP 2015
Like most of Australia's major industries, the future prosperity for the financial services sector clearly lies in Asia. Australians constantly talk of the economic opportunity presented by the three billion people that will be in the Asian middle class ...

Fee error forces Ausbil to pay $18m

LAURA MILLAN  |  WEDNESDAY, 5 AUG 2015
... inconsistency between the fees outlined in the fund's Product Disclosure Statement and the fees permitted under the fund's constitution. Ausbil notified ASIC as soon as it was aware of the breach and it has already compensated direct investors. The next ...