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Showing 3271 - 3280 of 4761 results for "July 2011"

APRA releases reporting consultation

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
Reporting requirements for superannuation funds would be changed for the first time since 2004 under proposed revisions released in an APRA consultation paper, which includes 31 draft reporting forms and instructions. Information about each trustee ...

Draft legislation to streamline trans-Tasman retirement savings

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
The government has released a draft legislation to establish a trans-Tasman retirement savings portability scheme, expected to assist the thousands of Australians and New Zealanders who move across the Tasman every year. The new proposed scheme, which ...

Market Wrap

AAP  |  WEDNESDAY, 19 SEP 2012
Australian stocks have opened flat as gains in the healthcare and utilities sectors were offset by weakness among energy and financial companies. At 1028 AEST on Wednesday, the benchmark S&P/ASX200 index was down 3.5 points, or 0.08 per cent, at 4,391.2 ...

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
ASIC's new guidance on hedge funds will force managers to greater disclosure on where money is invested, how assets are valued, the fund's structure and the risks involved to better protect investors following recent high-profile cases of fraud. Addressing ...

Judgment reserved for accused Ponzi head

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
The New South Wales Supreme Court has reserved its judgment in the long-running case against New Zealand businessman David Hobbs, who stands accused of heading a US$42 million Ponzi scheme. ASIC first took action against the unlicensed operators of ...

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned. All new SMSF investments in art and collectables made on or ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe. The Labor scheme, announced in ...

Concentrated portfolios can benefit HNW

BEN COLLINS  |  THURSDAY, 13 SEP 2012
Private investors who are not concerned with a deviation from global indices can benefit from a concentrated equities portfolio, said Private Portfolio Managers (PPM). "Many high net worth (HNW) and family offices find it difficult to access international ...

Marathon assets under review

BEN COLLINS  |  THURSDAY, 13 SEP 2012
At least $1.13 billion of superannuation assets are under review ahead of the imminent retirement of Jeremy Hosking, one of the three founders of Marathon Asset Management, in December. The UK-based fund manager, which has secured global equity portfolio ...

Market Wrap - Morning

AAP  |  THURSDAY, 13 SEP 2012
SYDNEY - The Australian market looks set to open slightly lower despite a positive finish on Wall Street, while investors await the outcome of a key Federal Reserve policy meeting. At 0800 AEST on Thursday, the September share price index futures contract ...