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Showing 3201 - 3210 of 28255 results for "NOT"

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... superannuation law are consistent with the legislated objective to Parliament and the Australian public. However, the objective will not alter the current responsibilities of superannuation trustees, nor rules for early access to super on compassionate ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... Retail investors have the benefit of consumer protections set out in the Corporations Act. Conversely, wholesale investors do not. "Sophisticated and professional investors generally have the knowledge and expertise to understand the consequences of ...

Super funds missing out on rich returns from Aussie agriculture

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... "strong interest" in Australian agriculture relative to super funds. Frontier's report suggested that global pension funds may not face the same "impediments" as superannuation funds in agricultural investment, finding the sector's return, risk, and ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... wealth management services." Earlier in the week, COG scrapped its bid for Diverger, citing concerns that shareholders may not support its $27 million offer. COG had intended to pay $1.4083 per share for the outstanding Diverger shares. Its proposal ...

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... potential takeover bids, saying the PAC board has determined the review of strategic transactions to sell the entire business has not resulted in a binding offer that can be recommended to shareholders. It added it also considered other potential strategic ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... Index (WPI) jumped by 1.3% to 4% in September, beating inflation, but AMP deputy chief economist Diana Mousina says it's not economically sustainable. According to the Australian Bureau of Statistics (ABS), September's 4% WPI represents a 26-year ...

CQS sold to Manulife Investment Management

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... CQS's US$13.5 billion credit platform and its brand for an undisclosed amount. According to a statement, the transaction does not include specific related mandates. Notably, Hintze will hold onto his Directional Opportunities Fund and use the asset ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... market information that could have affected the share price. This included charging fees to customers where such services were not rendered. The plaintiffs alleged this information was first revealed to the public on 16 and 17 April 2018 during the Royal ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... Australia's hard-working employees are receiving their lawful entitlements from their employers," Rosenzweig said. "Unpaid super not only affects employees' entitlements but it also raises other red flags that a business may not be viable. If you're ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
COG Financial Services (COG) has withdrawn its proposal to acquire Diverger, citing concerns that shareholders may not support its $27 million offer. Last month, COG presented its non-binding indicative offer, stating its intention to pay $1.4083 per ...