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Showing 301 - 310 of 2615 results for "Loan"

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
The Federal Court has ordered Ascent Investment and Coaching to be wound up following ASIC's investigation into a $149 million Ponzi scheme. ASIC froze the assets of Ascent and its director Michael Dunjey in late December 2021. Dunjey was also forced ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... company QBiotics and Gold Coast-based company Surf Lakes. In one example, Fineff dishonestly obtained $325,000 via a personal loan from Joyce Williams, who was 85 years old at the time. Fineff told Williams he would invest the funds in Sentinel shares ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
The number of superannuation complaints have slashed while those related to financial advisers have shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... well-established non-bank lenders that have scale and access to both debt and equity capital. Additionally, the asset manager targets loan pools comprised of "prime borrowers" with high credit scores. Revolution's real estate lending strategy involves ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
... almost US$20 billion to fund nearly every aspect of the university's overall budget, including Princeton's pioneering no-loan financial aid and recent financial aid enhancements that allow students from families earning up to US$100,000 to attend the ...

Regal names investment director

KARREN VERGARA  |  FRIDAY, 14 APR 2023
Regal Partners appointed a new investment director to service sophisticated investors, who was most recently the head of analytics at Bloomberg's local unit. William Myer steps into the newly created role of investment director for family office and ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... research at Finder, said if the cash rate was to peak at 4%, that will equate to $15,000 more in interest on the average home loan of $600,000. For businesses, Australian Chamber of Commerce and Industry chief of policy and advocacy David Alexander warns ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... itself and then-subsidiary Beacon Financial Group. Daly received loans totalling about $130,000, while Raftery took $40,000 on loan. Daly's was initially for $20,000 which was increased to $55,000; he then took a second loan of $35,000 which was ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
Queensland Investment Corporation (QIC) has entered a joint venture that gives it a 50% stake in a company that provides gas and electricity metering solutions. Vector, a New Zealand electricity and gas distributor, has offloaded half ownership of its ...