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Showing 3411 - 3420 of 4777 results for "July 8"

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors". The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) ...

ATO clarifies borrowing issues for SMSFs

RACHEL DAVIS  |  THURSDAY, 24 MAY 2012
The Australian Tax Office has clarified what is meant by a 'single acquirable asset' and what constitutes repair or maintenance of an asset, according to the SMSF Professionals' Association of Australia. The release of the Self Managed Superannuation ...

Market Wrap

AAP  |  THURSDAY, 24 MAY 2012
The Australian market looks set to open higher after a mixed result on Wall Street but tumbles on European bourses over fears Greece may leave the euro zone. At 0800 AEST on Thursday, the June share price index futures contract was up 13 points at 4,080. ...

NSF Super partners with MetLife

RACHEL DAVIS  |  WEDNESDAY, 23 MAY 2012
The Nationwide Superannuation Fund has replaced OnePath with MetLife as its insurance provider, following a recent review. MetLife Insurance will now provide the insurance cover offered to the 80,000 Nationwide Superannuation Fund's (NSF Super) members. ...

CSSA: MySuper puts corporate super insurance at risk

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
CSSA: MySuper puts corporate super insurance at riskThere is a fundamental flaw in the assumptions being made by Treasury regarding what happens to a member's benefits when they leave a corporate super fund, according to the Corporate Super Specialist ...

ASIC moves on insider trading

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
Insider trading and market manipulation charges are on the rise, according to ASIC, which gets 200 trade surveillance alerts indicating unusual trading activity each day. Deputy chairman of the Australian Securities and Investments Commission, Belinda ...

JPMorgan execs to resign over US$2bn trading loss

MELANIE TIMBRELL  |  MONDAY, 14 MAY 2012
Three JPMorgan Chase executives will resign this week following a US$2bn trading loss of synthetic credit securities, according to reports out of New York. The Wall Street Journal has named Ina Drew, chief investment officer and head of the risk-management ...

Budget increase may damage property business growth

RACHEL DAVIS  |  MONDAY, 14 MAY 2012
An increase in the withholding tax rate for international investors could damage the growth prospects of the Australian property investment management business, according to Atchison Consultants. The Government announced last week in the Budget that ...

MIT Budget inconsistencies spark concern

MELANIE TIMBRELL  |  THURSDAY, 10 MAY 2012
The surprise doubling of withholding tax for foreign investment in managed investment trusts has been criticised as inconsistent with the IMR initiative. In a budget analysis, Russell Investments has called the move on MIT withholding tax a "significant ...

Scare me not

BENJAMIN ONG  |  THURSDAY, 10 MAY 2012
Hang on to your hats folks, cause here we go again. Back to extrapolating current gloom into doom and forgetting that these were exactly the ones that provided good entry points in the markets. The scaredy cats are running for the hills again. Want ...