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Showing 351 - 360 of 3202 results for "Power"

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... when specific conditions are met, which define triggers for intervention. He explained that the bill also gives the RBA the power to provide up to $5 billion in support to ensure continuity of critical clearing and settlement services during a crisis ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The legislation that will ensure superannuation is paid on Commonwealth Paid Parental Leave was tabled today, with the super industry calling for its swift passage. The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... of significant change which has brought scale and diversification to asset management. I have a deeply held belief in the power of active funds management, and our responsibility as a fiduciary. The firm has a history steeped in developing and retaining ...

CFS, Bravura, Elemnta team up to enhance FirstChoice

ANDREW MCKEAN  |  TUESDAY, 20 AUG 2024
... simultaneously - which is all completed via secure and simple digital consent. CFS chief executive of superannuation Kelly Power said this "significant enhancement" will afford advisers more time to focus on their clients. Elemnta chief executive Shaun ...

Financial Standard opens Power50 voting

STAFF WRITER  |  MONDAY, 19 AUG 2024
Voting is now open for the 2024 Financial Standard Power50, which recognises the most influential financial advisers in Australia. Financial Standard has shortlisted 114 financial advisers who have progressed to the voting stage after receiving more ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... Institute of Health and Welfare found. "We've waited too long for governments to act, so now we're using shareholder power to take action," said Reverend Tim Costello, chief advocate of AGR and former chief executive of World Vision Australia ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... gang leaders being awarded plum high-paying government-funded projects, and reports of a CFMEU official bragging about his power to secure lucrative contracts tied to Cbus. Although these allegations have yet to be proven through a court or tribunal ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... organised crime, have been stood down. Concerningly, the investigation found a CFMEU official allegedly bragged about his power to secure lucrative contracts on projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member ...