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Showing 181 - 190 of 219 results for "Constitution"

IFSA rebrands to the Financial Services Council

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
... on their behalf," said Brogden. IFSA is meeting with its members next month to authorise required changes to its constitution. Brogden highlighted a number of key issues the Financial Services Council would focus on, including advocating for a 'Big Australia' ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... accounting firm contends that section 50, and the powers it gives ASIC, are contrary to section 51 (xxxi) of the Constitution and is therefore invalid. Section 51 (xxxi) of the Constiution refers to how the Commonwealth can only acquire property from ...

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
Australia's superannuation market will be closed to new entrants under proposals by the Super System Review (SSR) that could effectively shut down competition, entrench incumbents and force small funds to merge. The proposals are in the review's MySuper ...

Hands off SMSFs, warns assoc

ALEX DUNNIN  |  WEDNESDAY, 17 MAR 2010
... simplified administration by the formal introduction of model templates for various official forms including a model SMSF constitution. "The provision of a model deed and forms for the operation of SMSFs would reduce costs and improve compliance," said ...

Dixon and van Eyk stand-off

MICHELLE BALTAZAR  |  TUESDAY, 25 AUG 2009
... buy-back scheme, citing similar reasons. Premium ended up asking shareholders to vote on a change in the company's constitution and to approve a new share buy-back strategy - in line with Dixon's proposals. However, the vote to replace the board did ...

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
... understand and appreciate the fiscal problems experienced in the State's general fund, we are required under the Constitution to meet our fiduciary duty as trustees to ensure prompt, undisrupted service to our members." The furlough puts CalPERS at risk ...

Premium shareholders approve program

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
... buy-back over the next 12 months of up to 15 per cent of issued capital and the third resolution included amending the constitution to provide shareholder with greater ability to ensure periodic capital management assessments. Prior to the meeting, valuation ...

Push for redemption freeze lifts: PASL

COMPANY RELEASE  |  WEDNESDAY, 15 JUL 2009
... said. For other superannuation funds in a similar position, Kessell says the first step may be to review the scheme's constitution to determine if the RE took reasonable steps in making any modifications. If this does not appear to be the case, it may ...

Premium Investors outlines capital options

COMPANY RELEASE  |  THURSDAY, 9 JUL 2009
The Premium Investors board has put forward three resolutions including amending the firm's constitution and a further on-market buy back scheme to deal with capital management issues. The first proposal is to carry on with an off-market buy-back which ...

Dixon action on Premium gains momentum

MICHAEL HOBBS  |  MONDAY, 29 JUN 2009
... himself, Alexander MacLachlan, Christopher Brown and Christopher Duffield. Dixon wants to amend Premium Investors' constitution to undertake a reduction of capital, share buyback scheme or wind-up the company. "We represent a minority group of shareholders ...