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Showing 111 - 120 of 219 results for "Constitution"

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 ...

ASFA appoints independent chair

MARK SMITH  |  MONDAY, 27 JUL 2015
The Association of Superannuation Funds of Australia (ASFA) has appointed its first independent chair following Jim Minto's decision to retire from the role and as a director on 30 July. Minto was appointed chair in November 2013, and has been an ASFA ...

Cbus faces serious industry problems with super payments

DARREN SNYDER  |  MONDAY, 11 MAY 2015
... and its members. It may be advantageous to the future of the Fund to reflect the independence of the Chair in the constitution and to consider where expertise might be strengthened by the appointment of directors who have no association with the sponsoring ...

Court approves Premium Income Fund settlement

LAURA MILLAN  |  WEDNESDAY, 10 DEC 2014
... and the compliance plan auditor (a partner of KPMG) in relation to alleged breaches of their obligations under the constitution, the compliance plan and the Corporations Act. The class action also included claims of breach of duty by certain directors ...