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Showing 2851 - 2860 of 2989 results for "ARRA"

Macquarie Bank takeover of RG Capital gets green light

AAP  |  THURSDAY, 19 AUG 2004
Macquarie Bank\'s $173 million bid for Reg Grundy\'s RG Capital Radio has been given the green light by the takeover target\'s shareholders. RG Capital Radio shareholders today approved a scheme of arrangement under which all the radio network\'s issued ...

Shareholders have the power; ASIC

In a clarifying statement issued today, the Australian Securities and Investments Commission (ASIC) confirmed only shareholders of a public company have the power to remove company directors. ASIC referred to The Corporations Act 2001 citing only the ...

Tighter prudential requirements for LMIs: APRA

A discussion paper released by the Australian Prudential Regulation Authority (APRA) on Monday proposes tighter capital restrictions for lenders mortgage insurers (LMI's) and a new regulatory capital model for the industry. APRA chairman Dr John Laker ...

AXA parent may have to pay more for Aust subsidiary - analyst

AAP  |  TUESDAY, 10 AUG 2004
The takeover offer by French insurer AXA SA for its Australian subsidiary will need to be ratcheted up if it is to be accepted by independent directors and shareholders, one broking house said on Monday. In its $3.1 billion bid, AXA SA, which owns 51% ...

ASIC finds no systemic improper practices in managed funds

AAP  |  MONDAY, 9 AUG 2004
The corporate watchdog has found no evidence of widespread improper investment practices in the managed funds industry in Australia. The Australian Securities and Investments Commission (ASIC) reviewed some investment practices after United States regulators ...

Asgard reappoints PrefSure; planners premiums down

Asgard Capital Management has reappointed PrefSure Life to manage its insurance arrangements following a review of the group's insurance setup by insurance consultants Rice Walker. Asgard said its in-force premiums have grown to $30 million from $7 ...

Super contributions up 15.8% to March 04; APRA

Superannuation contributions for the year to March 2004 grew by annual 15.8% from the previous corresponding period, with total assets under superannuation arrangements at $596 billion the Australian Prudential Regulation Authority (APRA) said on Monday. ...

NAB's Irish bank ordered to pay $110 mln in costs

AAP  |  MONDAY, 2 AUG 2004
National Australia Bank (NAB) has been slugged 64 million euro ($A110.6 million) in costs following a six-year investigation of its Irish subsidiary for tax evasion and overcharging of customers. Last Friday, the Director of Corporate Enforcement in ...

BankWest appoints Rodger McArthur as managing director

AAP  |  WEDNESDAY, 28 JUL 2004
Western Australian retail bank, BankWest, on Wednesday appointed senior executive Rodger McArthur as managing director, after he spent the past several months as acting MD. McArthur joined the bank, a wholly owned subsidiary of HBOS Australia (HBOSA) ...

Auditors deceived about FAI reinsurance, court told

AAP  |  TUESDAY, 13 JUL 2004
Auditors were misled about financial arrangements which helped FAI Insurance record an $8.6 million profit rather than a loss of almost $20 million, a committal hearing for three former FAI executives heard on Monday. The Australian Securities and Investments ...