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Showing 131 - 140 of 6163 results for "Money"

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money thanks to the collapse of First Guardian and Shield, has made $1.86 million in EBITDA, November year-to-date figures show. ...

Chalmers flags pension, super spending in Budget update

ELIZA BAVIN  |  TUESDAY, 16 DEC 2025
... the budget bottom line. In addition to expected cost cutting, Chalmers flagged that the government will be spending more money to assist veterans and older Australians. "The figures we release on Wednesday will show... an extra $3 billion more in support ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly running out of money." The newly released Enhancing the effectiveness of financial service professional indemnity insurance consultation paper ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... said the CSLR was created to compensate victims of financial misconduct as a last resort after all other options to recover money had been exhausted, with a key design principle being that parts of the financial services system from which the consumer ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
... week of June and certain transactions being completed thereafter. During that time, many members could not access their money, account details and other services. APRA said this resulted in "direct harm to members", saying it has identified "deficiencies ...

ASIC class relief for digital assets now effective

MATTHEW WAI  |  WEDNESDAY, 10 DEC 2025
... Instrument currently limits omnibus accounts to a deposit taking facility of a body carrying on a business of accepting money on deposit including rights under that facility, securities, and derivatives, it said. The updated instrument, however, clarifies ...

RBA opts to keep cash rate on hold

ANGELIQUE MINAS  |  WEDNESDAY, 10 DEC 2025
... interest rate reductions are yet to reach their full potential in terms of impact on demand, prices and wages. Although, money market interest rates and government bond yields have risen recently, it said. The RBA acknowledged labour market conditions ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has thrown a slew of ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...

'Unretiring' a global trend: T. Rowe Price

ELIZA BAVIN  |  MONDAY, 8 DEC 2025
... concern (42%), as well as geopolitical events (30%) and interest rates (27%). Additionally, 17% believe they will run out of money in retirement and only 27% are confident they could withstand a major financial shock while retired. "Research is at the ...