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Showing 181 - 190 of 4119 results for "Commonwealth"

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... amendments don't change the net tax paid by the Future Fund board and its subsidiaries or the tax received by the Commonwealth over time. The measure was initially announced in the 2023/23 March Budget and is estimated to have no impact on receipts ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... another, contrary to s184(2)(a) and (b) of the Corporations Act. The matter has been adjourned to 28 February 2023. The Commonwealth director of public prosecutions is prosecuting the matter following an ASIC referral. Meanwhile, as previously reported ...

Perpetual welcomes Pendal board members

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
... capital investment firm and is the independent chair of CBA New Digital Businesses Pty Limited, a subsidiary of the Commonwealth Bank of Australia. Meanwhile, New York-based Jones brings over 35 years of experience in the financial services industry. ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

Former financial adviser charged with fraud

CASSANDRA BALDINI  |  WEDNESDAY, 7 DEC 2022
... as a financial planner when he used the false documents and that his offending had a degree of sophistication. The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from ASIC.

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
The Federal Court has dismissed proceedings brought by ASIC against the Commonwealth Bank of Australia (CBA) over fees. The court dropped allegations that the bank engaged in misleading or deceptive conduct, made false or misleading representations ...

Barings establishes APAC real estate debt operations

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... new projects." Barings has hired Abhishek Srivastava as a senior analyst in the existing Sydney team, joining from Commonwealth Bank where he covered infrastructure and real estate. The appointment is part of Barings' commitment to the real estate business ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... financial literacy, with greater educational content on the Moneysmart website, Money Managed website, and through Commonwealth Financial Counselling. Further, the ASIC funding model would need to be extended to account for regulating the sector and ...

CareSuper chair elected deputy president of ACSI

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... the City of Sydney and was formerly deputy lord mayor. She also works with the National Reform Federal Council, the Commonwealth government's Regional Banking Taskforce and the NSW Environmental Trust.

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... credit, NAB is the only major domestic bank still providing custody services in Australia, having itself acquired Commonwealth Bank's custody business in 2003. Westpac offloaded its custody business to HSBC in 2006, while ANZ exited the space when ...