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Gender gap to close in 134 years: World Economic Forum

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
... AI starts to impact the labour market with a recalibration of the skills employers value most. Employers must ensure they apply a gender lens to their approach in up-skilling to establish the future workplace in a fair and equitable way."

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
The Compensation Scheme of Last Resort (CSLR) made its first payments to four victims totalling more than $360,000, three of which related to bad financial advice. One payout of about $145,000 related to inappropriate personal financial advice provided ...

Future Fund, QIC finalise new deal

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
Future Fund and QIC reached a deal for an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure. The transaction ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... Colonial First State fund and the S&P/ASX 200. LGSS argued that "no reasonable person" would see the gambling restriction apply to companies that sold lottery tickets because they'd only associate "gambling related social ills" with poker machines ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
The Australian Securities and Investments Commission (ASIC) released new research which sheds light on the financial hardship faced by Australians. The research found that 47% of Australian adults with debt, the equivalent of 5.8 million people, have ...

Wollongong adviser wins Gwen Fletcher Memorial Award

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... the highest-performing student in the CFP Certification Unit (CFP C) for each semester. "The CFP program requires you to apply yourself to a wide range of scenarios and strategies, while always keeping the needs and goals of clients paramount. I believe ...

Lendlease ditches overseas construction

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... totalling 50%. The ATO has not issued amended assessments in respect of those subsequent sales," Lendlease said. "Should the ATO apply the same treatment to both these partial sales we estimate this may give rise to additional tax of approximately $50 ...

Budget 2024: Change to foreign investment rules

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... "fair share" of tax in Australia and to provide greater certainty about the operation of the rules. The amendments will apply to CGT events commencing on or after 1 July 2025 to: Clarify and broaden the types of assets that foreign residents are subject ...

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... be changed to 100 hours over four weeks. It will also no longer capture study, volunteering or travel time and will only apply to employment. According to the Workplace Gender Equality Agency, 2.65 million Australians are carers and are more likely to ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... clients who have provided a qualified account certificate should also sign a consent. We think this is important. It can apply to more investment categories, and it can also be adapted and applied in circumstances where investors receive no advice for ...