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Showing 161 - 170 of 468 results for "Tier"

New requirements for SMSFs

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... statements that comply with Australian Accounting Standards (AAS). "These entities will now need to prepare, as a minimum, Tier 2 general purpose financial statements (GPFS) that comply with all recognition and measurement requirements in AAS and minimum ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... while the latter also separates its operations from the bank. It will add abouttwo basis points to Westpac's common equity tier 1 capital. Yesterday's sale rids Westpac of its final share in Pendal, and comes at a time when Westpac is also doing a strategic ...

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
... This brings to $9.3 billion the funding that has been brought forward over the past eight months to fast-track such second-tier projects." Though forced upon the government of the day by the coronavirus, it'll eventually bring about an Australian ...

Advice group acquires software business

ALLY SELBY  |  TUESDAY, 2 JUN 2020
... customization, workflow and e-learning management solutions to the advice industry. Its clients include Australian banks, mid-tier wealth institutions, financial advisories and dealer groups. Benbow said the COVID-19 crisis had opened advisers' eyes ...

Saxo Markets launches investment loyalty scheme

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
... more for our clients to create a true win-win relationship." Saxo Markets traders and investors will already be allocated a tier - classic, platinum or VIP - dependent upon their current level of engagement in funds, trading volume and other activities ...

Practice valuations avoid COVID-19 hit

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... Tynan told Financial Standard. He added that with the majority of advisers still under a corporate structure, the additional tier of regulation they faced is also impacting valuations. For those who are looking to sell, Tynan said it remains the case ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... equity fund. CBA anticipates the sale will result in a $1.5 billion post-tax gain for the group and increase its Common Equity Tier 1 capital by $1.4-$1.9 billion. CBA said the transaction reflects its strategy to focus on its core banking businesses ...

Chief economist update: Easing does it (again)

BENJAMIN ONG  |  TUESDAY, 12 MAY 2020
... coronavirus cases in northeast China, with one city in Jilin province being reclassified as high-risk, the top of a three-tier zoning system," it reads. "Eleven new cases in Shulan were confirmed on May 9, all of them members of her family or people ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... supporting our customers through the challenging times ahead," NAB said. The offer is expected to raise NAB's Common Equity Tier 1 Capital (CET1) to 11.2%, up from 10.39% on March 31. NAB also announced its board of directors and senior leadership ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
Despite global markets crashing in March, HUB24 continued to experience strong net inflows in the quarter of $1.4 billion, with gross inflows of $1.8 billion. The specialist platform said these inflows had been driven by support from its large national ...