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Structural reforms necessary despite global shocks: Chalmers

RIDDHIMA TALWANI  |  THURSDAY, 14 MAY 2026
... added. "Of all the fine balances we struck... perhaps the most essential was between responding to the demands of the here-and-now while taking seriously our intergenerational obligations," Chalmers said. "These changes and this intergenerational focus ...

Iress names chief tech officer to lead AI transformation

RIDDHIMA TALWANI  |  THURSDAY, 14 MAY 2026
... advisers to manage client operations. "Iress has strong and enviable technology foundations and a clear strategy. Our focus now is on execution, modernising the platform, simplifying our technology environment and delivering high-quality outcomes for ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... the time, Sequoia said the two parties failed to satisfy all the conditions within the required timeframe. However, Sequoia now says Conquest has disputed the termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management ...

NZ Super 'accepts' court loss, updates policy

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... and procedures underlying those policies must be identified more clearly in our policy documents. With that in mind, we are now working on how we can reformulate those documents to ensure they satisfy that condition." Billett said the court decision ...

Australian ETF market surges to record $346bn

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... month, marking the third largest monthly dollar increase in industry history. The sector expanded 5.05% over the month and is now up 33.6% year on year. Strong investor inflows combined with a rebound in global equity markets drove the result, with total ...

Future Fund executive departs after 10 years

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2026
... governance, budgeting cycles, business case templates - tools designed for a different purpose. Yet technology, data and AI are now core enablers of investment capability. Programs that were once peripheral are now consequential."

Adviser ban stretched to 2028 in ASIC deterrence win

RIDDHIMA TALWANI  |  WEDNESDAY, 13 MAY 2026
... prohibition, subject to a condition that he does not provide scoped advice for the duration of the stay. The tribunal has now set aside the FSCP decision and imposed a three year registration prohibition period. On 24 April 2026, the ART ordered that ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... aim to "level the playing field for first home buyers," captured much of wealth managers' attention as many clients will now have to reassess their investment vehicles and tax structures. The 50% CGT discount will be replaced with inflation-adjusted ...

Budget doubles down on housing supply with $2bn infrastructure push

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... measures support first home buyers, alongside the expanded 5% Deposit Scheme and Help to Buy. "Together, these initiatives now assist more than half of first home buyers into home ownership," Chalmers said. A major early initiative was the National Housing ...

Chalmers chooses 'hard road of reform' in Budget

ELIZA BAVIN  |  TUESDAY, 12 MAY 2026
... than forecast in the mid-year, saving the government $70 billion in interest costs over the decade. The peak in gross debt is now forecast to be 35.8% of GDP, 1.2 percentage points below the mid-year update. "Gross debt as a percentage of GDP remains ...