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| | | ... to promote investment in high-tech industries, like artificial intelligence and robotics, it said. Currently, regulations state that a holding company's second-tier subsidiary must own 100% of any third-tier subsidiaries. This will be reduced to a minimum ... |
| | | | Hearts & Minds Investments (HM1) is the latest fund manager to write off its stake in the beleaguered Corporate Travel Management (CTD), while Wilson Asset Management slashed its value by 50%. The ASX-listed travel and accommodation agency services ... |
| | | | ASIC has suspended the Australian financial services licence (AFSL) of MW Planning, a subsidiary of MWL Financial Group, after it failed to appoint a new responsible manager. The AFSL is suspended until 8 June 2026. ASIC said MW Planning failed to fulfil ... |
| | | | ... Impact Fund Elsewhere, Christopher Ching has started a new position as a multi-asset investment specialist at Colonial First State. With over 15 years of financial services experience, Ching is responsible for promoting equity strategies - both domestic ... |
| | | | APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ... |
| | | | At its meeting yesterday, the Reserve Bank of Australia (RBA) reached a monetary policy decision to keep the cash rate unchanged at 3.6%. In explaining why, the board warned of possible rate rises in 2026 as it takes a more cautious response to inflationary ... |
| | | | Cbus has welcomed a chief financial officer to oversee finance, data and analytics, business risk and compliance, and investment enablement. Tim Elliott joins Cbus from Housing Australia where he was the chief financial officer for a year. He brings ... |
| | | | ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ... |
| | | | Treasurer Jim Chalmers said private market investment has been strong, helping spur economic growth. Chalmers said the private sector is taking over from the public sector as the key driver of growth in Australia. "Since we came to office, business ... |
| | | | ... its 1000 th complaint as at November. CSLR chief executive David Berry told the event that he's observed the fragile state of the people coming to the CSLR, who typically experience sleepless nights and had their mental health significantly impacted. ... |
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