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Showing 381 - 390 of 1752 results for "Minimum"

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... continuing to rectify sub-standard practices through robust supervision, strengthening prudential standards and reinforcing minimum expectations. Particularly around fund expenditure including trustees' practices as they relate to their 'best ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... maintain investor confidence and the stability of Australia's financial system," he said. The regulators added that their minimum expectations are that the new system meets the requirements the existing CHESS meets for system availability, resilience ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
APRA is proposing to introduce new minimum standards for super funds in managing operational risk, opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum ...

Holon, Gemini launch retail crypto funds

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
... safely engage with the digital economy through Gemini's institutional grade custody," he explained. The funds have a $5000 minimum investment or $2000 with a $200 per month savings plan and provide access with daily unit pricing, daily redemption, and ...

Certe acquires Genesis Financial Partners

CASSANDRA BALDINI  |  MONDAY, 25 JUL 2022
... management. Under the deal, Robbins and fellow Genesis joint managing director Wilton Wong will remain with the group for a minimum of three years. "We had been looking for a partner to help take our business to the next level for some time," he said. ...

ANZ to purchase Suncorp Bank for $4.9bn

CASSANDRA BALDINI  |  MONDAY, 18 JUL 2022
... raising $3.5 billion via a fully underwritten pro rata accelerated renounceable entitlement offer. It will also include a minimum fee of $50 million to use the Suncorp Bank brand to be paid in instalments over five years. If the brand is retained after ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... Australian share market would likely continue to outperform the US. UBS commented that low unemployment paired with a spike in minimum wage argues for rapid RBA hikes. UBS said: "The drop in the unemployment rate (and underutilisation rate over recent ...

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... previously advised, Link Group intends to evaluate alternatives for the business, including an in-specie distribution of a minimum of 80% of Link Group's shareholding in PEXA, in order to maximise value for shareholders," a Link Group announcement said. ...

Social impact fund to target essential workers

JAMIE WILLIAMSON  |  MONDAY, 4 JUL 2022
... Online tool. The initiative is offered in partnership with Police Bank as the exclusive mortgage provider and requires a minimum 2.5% deposit. The house purchased must be the essential worker's primary residence. Investment interest has proved strong ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... increase the Superannuation Guarantee contribution rate they pay from the existing 10% to 10.5%. Further, the $450 monthly minimum threshold that has long been a thorn in super funds' side will be no longer. According to data released by Association ...