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Showing 311 - 320 of 1803 results for "DAM"

Cbus to sell corporate art collection

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
Cbus is auctioning its art collection, estimated to be worth about $9 million. The Cbus Collection of Important Australian Art features more than 280 works dating from the colonial era through to contemporary pieces. Artists in the collection include ...

Beware super home buyer collateral damage: ISA

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
The Coalition's super home buyer proposal could leave thousands worse off, even if they don't access the scheme, Industry Super Australia (ISA) has said. ISA said that under the super home buyer scheme, funds would be forced to carry more cash. As cash ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
Allianz Global Investors and three of its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
Six months on from commencing its Expressions of Interest (EOI) process, AvSuper has confirmed it will look to merge with Commonwealth Superannuation Corporation. The two funds have signed a Memorandum of Understanding to now conduct due diligence to ...

Breach reporting regime a distraction: Report

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
A survey of compliance professionals has found 67% believe ASIC's breach reporting rules distract from other issues and the greatest proportion of reports filed relate to financial advice failures. A report from CoreData, Lawcadia and Gadens looks ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Industry Super Australia has unleashed on the loose laws and 'light touch' compliance that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' ...

Investor confidence drops in April: State Street

CHLOE WALKER  |  FRIDAY, 29 APR 2022
State Street's investor confidence index has decreased to 92.9, down 6.6 points from March's revised reading of 99.5. The index, which was developed in partnership with FDO Partners, measures investor confidence or risk appetite quantitatively by analysing ...

SEC rules against Amazon pension case

ELIZABETH MCARTHUR  |  TUESDAY, 12 APR 2022
The US Securities and Exchange Commission ruled against Amazon's no-action motion to exclude a shareholder resolution asking the company to prepare a report on how employee retirement savings are invested. The shareholder resolution, brought by activist ...

Parliamentary committee hears KPMG assumed 'conflicting engagements knowingly'

ANDREW MCKEAN  |  MONDAY, 11 APR 2022
A public accountability committee that inquired and reported on the Transport Asset Holding Entity (TAHE) has uncovered several damaging findings, including that KPMG engagements were 'rife with conflict'. The TAHE has been the subject of serious accounting ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
This week ANZ-Roy Morgan consumer confidence increased by 2.3 points to 93.4 after petrol prices dropped approximately 30 cents per litre. But consumer confidence is still 14.3 points below its level from the same week a year ago. Consumer confidence ...