Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 1892 results for "Determine"

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
Speaking at the Australasian Investor Relations Association event, Australian Securities and Investments Commission (ASIC) commissioner Simone Constant gave a stern warning to Australian superannuation funds. Constant said financial reporting of listed ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
The former director of DanFX, an unlicensed foreign exchange trading business, has been sentenced to seven years and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... broker was relying on a poorly designed questionnaire which retail investors were able to attempt multiple times to determine they were in the target market. The business is prevented from opening new trading accounts or dealing in contracts for difference ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
The team at small caps manager NovaPort Capital have decided to hang up their boots. A decision was made on May 13 to wind up the small cap Australian equity manager, Fidante told investors, saying the NovaPort team had made the call to close the business. ...

Fidelity shutters, delists funds

KARREN VERGARA  |  TUESDAY, 21 MAY 2024
Fidelity International is terminating an international fixed interest strategy that failed to scale, as well as delisting a managed fund. The Fidelity Global Short Duration Income Fund focuses on investment-grade and high-yield corporate bonds that ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
ClearView Wealth has alerted investors that private equity investor Crescent Capital Partners intends to sell millions of shares in the company. Crescent said it would sell in aggregate more than 73 million fully paid ordinary shares to a range of sophisticated ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... ownership status, not your super balance," Bragg said. "We looked at existing and proposed super for housing policies to determine what can be done to help Australians into a first home." The Committee made two recommendations in particular; to allow ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... added that uncertainties regarding transaction costs, separation expenses, and capital gains tax make it difficult to determine if the deal is accretive to Morningstar's intrinsic assessment. KKR offered $2.2 billion in cash, which equates to $19.20 ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... obligations." The Court has directed the parties to confer with respect to directions that may be made for further hearing to determine the remaining questions in the proceeding, including penalties, on a date to be determined later in the year.

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
Brighter Super is shuttering both of its responsible investment options, saying it is in the best interests of members. It comes as the fund streamlines its investment menu to offer just one set of options. Following a review of its investment options ...