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Showing 371 - 380 of 5863 results for "July"

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... business. Surtenich was the director and responsible manager of AFS Licensee (AFSL) Suetonius Wealth Management between 28 July 2020 and 14 December 2020, where he recommended to at least 18 clients that they invest in a "Principal-protected Private ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... payday super, a policy that was first flagged in the 2023-24 Federal Budget. The draft legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at the same time as their salary and wages, which the government ...

NZ council seeks investment manager partner

KARREN VERGARA  |  WEDNESDAY, 12 MAR 2025
... City Council's investment arm, Ahuriri Investment Management (AIM), which is slated to begin officially operating on July 1. AIM replaces the Council Controlled Trading Organisation (CCTO), which manages the council's portfolio at arm's length. ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... against AustralianSuper, alleging the fund failed to process death benefit claims efficiently, honestly and fairly between July 2019 and October 2024. In November 2024, AustralianSuper undertook a remediation program, paying $4.2 million to about 7000 ...

ASIC bans adviser jailed for supplying drugs

MATTHEW WAI  |  FRIDAY, 7 MAR 2025
... conviction for supplying dangerous drugs. In December 2021, Shortland was convicted on drug offences after having been arrested in July 2018 for importing 40 grams of cocaine inside a motorbike helmet from Los Angeles. He was also found guilty of possessing ...

PM Capital confirms proposal to acquire Platinum funds

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... value" received by PMC shareholders compared to the Platinum International Fund (ASX: PIXX) proposal - a separate bid in July from Platinum Investment Management to merge PMC with PIXX. Under that proposal, PMC shareholders would receive PIXX units in ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... lower life insurer capital requirements for annuity products, provided certain risk controls are in place," APRA said. At its July 2024 life insurance roundtable, participants pointed out that aspects of the capital framework are more restrictive than ...

Deflation continues, albeit slowly

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... the price of electricity for households. The Queensland government introduced a one-off electricity rebate of $1000 from July 2024. This rebate exceeded the average electricity bill for Queensland households," Marquardt said. "The impact of the rebates ...

Cbus appoints deputy investment chief

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
Cbus has named a new deputy chief investment officer to replace the role Alexandra Campbell vacated last July. Leigh Gavin was promoted to the role after serving as head of portfolio strategies since October 2023. Gavin oversaw the super fund's ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... alleging that the $360 billion super fund's misdeeds stretched back to 10 years. AustralianSuper admitted that, between 1 July 2013 and 19 June 2022, it failed to have adequate policies and procedures to identify members and act on the issue. In ...