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Showing 111 - 120 of 4471 results for "FAR"

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... simple change means the lowest-paid women are essentially paying for the retirement of higher income earners who are receiving far more generous support. "It's grossly unfair that low-income workers - most of whom are women - are the only Australians ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... negative," he said. "The Commonwealth may have a budget surplus today, as it was earlier this century, but it is currently very far from having a negative net debt position." Since its inception, Burshtein said, the Future Fund has been given investment ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
BNP Paribas Securities, Moelis & Company, and Wells Fargo are among 11 firms that copped massive fines that totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business. From ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... property fund manager calculated adverse net fair value movements on its properties totalling to a loss of $362.7 million, a far cry from a profit of $625.9 million in FY22. The latest results comprised valuation losses totalling $353.6 million, revaluation ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... retail client fell within the target market for its CFD product. ASIC alleges eToro's target market for its CFD product was far too broad for such a high-risk and volatile trading product where most clients lose money. The regulator also claims that ...

QIC buys Packhorse's last pastoral property

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
Queensland Investment Corporation (QIC) has purchased the last asset in the Packhorse portfolio as it continues to grow its natural capital platform. The Stuart's Creek property, located north-west of Roma, was sold by Packhorse as a beef grazing operation ...

Prime Super snaps up wind farms

CASSANDRA BALDINI  |  TUESDAY, 1 AUG 2023
The super fund expanded its wind-energy portfolio through the acquisition of two Victorian wind farms. The acquisition was carried out in collaboration with PATRIZIA Infrastructure, Prime Super's investment manager. The addition of the Chepstowe ...

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
After several months' delay, Colonial First State's much-anticipated Edge platform has launched, with CFS distribution lead Bryce Quirk saying it's expected the new offering will fare as well as FirstChoice. Developed in collaboration with FNZ, CFS ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
... particularly relevant to the Australian equities portfolio," he said. "Global equities show very little tracking error, but it is far greater in the Australian market." Their low carbon glidepath approach has introduced an extra 40 to 60 basis points ...