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Healthcare expenditure at record highs: OECD

... expenditure for 30 OECD countries has grown over 1 per cent faster than these countries economies during the past decade. This figure on average represents 8.4% of GDP. With regard to Australia, OECD said that pharmaceutical spending rose by more than ...

Government blocks ALP super theft compensation bid

... compensation, paid for by a levy across the entire superannuation industry, would only be marginally higher than the average figure of 35 cents per fund member per year that currently applies," he said. "Labor believes this would have been a small price ...

Growth funds record highest returns (5.8%) since December 2001: InTech survey

In its latest performance survey of growth funds InTech has said that the median growth fund has returned 5.8 per cent for the three months to May 2003, the largest return since the December 2001 quarter following the September 11 terrorist attacks. ...

ABS releases third survey on venture capital trends

... vehicles that were either specialised venture capital funds or corporations that directly invest their venture capital. This figure compares favourably with $5.7 billion as at June 30 2001. The ABS said that investors had $4.4 billion of committed funds ...

Departing residents increasingly accessing their superannuation: Senator Coonan

... said that despite the Government forecasting 80 per cent of temporary residents would collect their superannuation, this figure is closer to 10% or 20%. He said the ATO was on a "wild goose chase" and accused the government of making "another major super ...

New car sales rise 3.5% in May: ABS

New motor vehicles sales for May 2003 increased 3.5 per cent (or 77,349) in May as compared to April's figure of 74,597, the Australian Bureau of Statistics (ABS) reported today. Included in the figures are 50,185 passenger cars (48,507 in April) and ...

Merchandise imports drop to $10.397 billion in May: ABS

... imports was in the machinery and transport equipment category and accounted for $4.676 billion, compared with the April figure of $4.955 billion. The second largest item on the export bill for May was miscellaneous manufactured items at $1.368 billion ...

Sherry accuses Government of "another major super bungle"

... backpackers and other temporary residents would claim their super payments, but Senate Estimates Hearings have confirmed this figure has been vastly overstated." "Treasury has refused to reveal the extent of the hole but super funds estimate that the ...

Unemployment rate drops to 6% in May: ABS

... to the 622,700 in April. The number of employed in May was 9,535,400, an increase of 29,000 jobs as compared to April's figure of 9,506,400. The labour force participation rate was the same for both months at 64%.

GPT to buy Hamilton Island Limited for $127.4 million

... agreement with HAM to acquire all shares in Hamilton Island. The 45.02 million shares on issue are expected to add up to a figure of $127.4 million. "We believe that GPT and Voyages are the best placed of the potential buyers of this asset to maximise ...

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ARK Invest awards local distribution mandate

KARREN VERGARA

Cathie Wood's ARK Investment Management has chosen Associate Global Partners (AGP) to help distribute its venture capital strategy to Australian wholesale investors.

APRA names new deputy chairs

VINNY VUCAGO

The Australian Prudential Regulation Authority (APRA) has welcomed the appointment of two new deputy chairs, with current board member Therese McCarthy Hockey and former assistant treasurer David Bradbury set to join the regulator's leadership.

MySuper provides consistent returns for members: Rainmaker

MATTHEW WAI

New data from Rainmaker Information found MySuper or default options continued to deliver consistent performances and returns for Australians, despite periods of uncertainty.

Australian Unity names new wealth chief

MATTHEW WAI

Australian Unity has named the successor of Esther Kerr, who departed the organisation last year.

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