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Showing 241 - 250 of 313 results for "S Scheme"

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to ...

Timbercorp investors get $50k aid

RUTH LIEW  |  MONDAY, 13 JUL 2009
Professional Investment Services is hoping its $50,000 donation into the Timbercorp fighting fund and other monetary aid would help up to 80 per cent of Timbercorp investors claw some of their investments back. PIS, which recently poured an additional ...

Market Wrap - Morning

AAP  |  TUESDAY, 23 JUN 2009
The Australian share market has received strongly negative leads overnight, with Wall Street indices heavily down, along with commodities, including precious metals, oil and copper. At 0733 AEST on the Sydney Futures Exchange, the September share price ...

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
As the 2008-09 financial year draws to a close, tax commissioner Michael D'Ascenzo warned last month that his office will be closely reviewing three arrangements that attempt to falsely generate claims for inappropriate tax losses. The department is ...

Fed's unfunded liabilities balloon to $80bn

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
Federal unfunded superannuation liabilities have jumped 75 per cent in less than a decade, putting pressure on the government's Future Fund strategy to contain the fiscal blow out. The figures, contained in the latest Mercer analysis from the Department ...

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
A Watson Wyatt report found defined benefit superannuation liabilities for listed Australian firms have blown out from around $2 billion to $25 billion over a six-month period to the end 2008. According to David McNeice, Watson Wyatt principal, companies ...

Fitzsimons to head MasterKey Custom

RUTH LIEW  |  TUESDAY, 17 MAR 2009
Ex-Plum Financial Services managing director Mike Fitzsimons has been appointed general manager of MasterKey Custom. Fitzsimons, who will commence his role in early April, will be responsible for the MasterKey Custom business - which has $8.3 billion ...

ATO targets early access and in-house rules

MICHAEL HOBBS  |  THURSDAY, 12 MAR 2009
The Australian Tax Office (ATO) is targeting illegal early access to retirement savings and stepping up its compliance activities to ensure self managed super fund (SMSF) trustees don't break the law. Speaking at the SMSF Professionals' Association ...

Three firms wound up by ASIC

COMPANY RELEASE  |  MONDAY, 9 MAR 2009
The Supreme Court of New South Wales has wound up three companies promoted by Online Super Pty Ltd (Online Super) following an application by ASIC. ASIC brought its application following an investigation which raised concerns that Mt Whitsunday Pty ...

UK govt to introduce personal accounts scheme

COMPANY RELEASE  |  TUESDAY, 3 FEB 2009
London-based Datamonitor is urging pension providers to talk to existing clients about the impact of the impending Personal Accounts legislation. The Personal Accounts scheme, which the UK government is implementing to encourage more public saving ...