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Showing 141 - 150 of 210 results for "Tranche 2"

BT Ethical divests last News Corp share

MELANIE TIMBRELL  |  THURSDAY, 26 APR 2012
BT Ethical Fund today joined the ranks of other Australian-based ethical investment specialists in being free from holdings in News Corp. As News Corp chairman Rupert Murdoch testified before the Leveson Inquiry into press ethics, BT Ethical has confirmed ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

IFM wins $500m CalSTRS mandate

ELISE BURGESS  |  WEDNESDAY, 8 FEB 2012
In one of the largest single infrastructure investments by a US fund manager, CalSTRS has awarded a $500 million mandate to Australian manager, IFM, to gain exposure to the global infrastructure market. The California State Teachers' Retirement System ...

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
The second tranche of Stronger Super is in need of more clarity, according to AIST in its submission on the Bill, with calls for clearer terminology and the legal boundaries of trustees. Submissions are being accepted from industry participants on the ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
Superannuation industry bodies have until January 13 to make submissions on the second tranche of the government's Stronger Super legislation, unveiled late yesterday. The latest exposure draft follows the introduction of the first part of the Superannuation ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences". The contentious proposal, which was tabled in ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ...

Political debate defers FOFA clarity

CLAIRE MCGREAL  |  THURSDAY, 17 NOV 2011
With only one more round of sitting days currently scheduled for both chambers of parliament, it seems increasingly unlikely that the proposed FOFA legislation will pass through both houses before Christmas. Added to this is the fact that the government ...