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Showing 151 - 160 of 10431 results for "Close"

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
As the 2026 Budget promises "bold, broad and ambitious" tax reforms, in addition to easing cost-of-living pressures and strengthening fuel security, wealth managers decry investors and the economy will not come out on top. Last night, Treasurer Jim ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... reforms, including the super performance test and ATO's target to facilitate unpaid super, which is costing Australians close to $6 billion per year. The consultation for the performance test commenced last week, which was well-received by the industry. ...

Minimum 30% tax for discretionary trusts

KARREN VERGARA  |  TUESDAY, 12 MAY 2026
Discretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity. From 1 July 2028, Treasurer Jim Chalmers proposes to introduce the new tax that ...

Super funds welcome UK's Supers Unit to push investments

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
The Australian superannuation industry has welcomed the creation of a dedicated Supers Unit by the UK government, which will prove as a point of contact to help funds identify and progress investment opportunities in the UK. This follows a commitment ...

Perpetual to wind up fixed income fund

KARREN VERGARA  |  MONDAY, 11 MAY 2026
... investment manager Perpetual Investment Management told investors in a note that after careful consideration it decided to close and wind up the fund effective June 3. The Dynamic Fixed Income Fund had $29.7 million at the end of 2025. It aimed to provide ...

Takeovers Panel denies Atlas Arteria interim order request

KARREN VERGARA  |  MONDAY, 11 MAY 2026
... Arteria security. This will be increased to $5.10 if Diamond Infraco 1's relevant interest is 45% or more prior to the close of the offer. Diamond Infraco 1 said the increased price of $5.10 is its "best and final" offer. The statement also shows ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... done the wrong thing." Advisers are now calling for the government to make significant changes to the CSLR scheme, with close to four in five (79%) urging to spread any special levy cost across the financial services sector on a more "even basis". While ...

HUB24 hires head of retail distribution

VINNY VUCAGO  |  FRIDAY, 8 MAY 2026
HUB24 has appointed Nathan Taggart as head of retail distribution. Taggart joins HUB24 with more than a decade of senior leadership experience across distribution, adviser engagement and strategic growth roles within financial services. Most recently ...

ART, Mubadala back CBRE's infrastructure platform

RIDDHIMA TALWANI  |  FRIDAY, 8 MAY 2026
Australian Retirement Trust (ART) has joined a consortium of global investors including Abu Dhabi's sovereign wealth fund Mubadala, in funding CBRE Investment Management-backed critical infrastructure platform Accelerate. Accelerate Infrastructure Opportunities ...

Magellan confirms job losses

ELIZA BAVIN  |  THURSDAY, 7 MAY 2026
... the responsible entity for the funds and retain responsibility for distribution. Additionally, Magellan said it intends to close the Magellan Global Equities Fund (Currency Hedged) (ASX: MHG). The fund had around $94 million AUM, as at April 30. After ...