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Showing 21 - 30 of 1734 results for "Raising"

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). HyperFund's alleged co-founder Sam Lee, who has Australian citizenship and resides in ...

ISPT fills newly created head of mandates role, announces departures

ANDREW MCKEAN  |  WEDNESDAY, 24 JAN 2024
... worked on executing and delivering the ISPT Group strategy. ISPT said he was instrumental in new policy creation, capital raising, enhancing investor engagement, and strengthening the platform's governance framework. Additionally, Andy Buchan, mandate ...

Knight Frank bolsters capital advisory team

CHLOE WALKER  |  TUESDAY, 23 JAN 2024
... capital advisory business, offering clients access to a full spectrum of global capital advisory options, including capital raising, recapitalisations, partnering and debt advisory, and facilitating the flow of Asia Pacific capital into the market. The ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... Reserve Bank of Australia's (RBA) target range of 2-3%. In response, the RBA has significantly tightened monetary policy, raising the cash rate by 4.25% since May 2022, a measure that, while substantial, is comparatively moderate compared to some other ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
... not make orders yet as he invited both parties to make submissions on these areas. Korolak is taking further action by raising Campbell's conduct with the Financial Advice Association Australia (FAAA). As a licensed financial planner and member of ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... additional ongoing insurance renewal revenue without doing any more work". Regardless, it does not stop insurers from raising premiums. "Usually, the insurance rate moves up on stepped insurance policies, whether life insurance, income protection insurance ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... contravened continuous disclosure laws by failing to tell the market its underwriters had filled a $790 million shortfall when raising $2.5 billion from institutional investors. ANZ claimed the shortfall wasn't material, but Federal Court Justice ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... requirements over the past 12 months. According to the survey, 41% of respondents said they had not met their capital raising expectations over the past year, a significant jump from 29% the year prior. Nevertheless, 45% indicated that they had met their ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... modernisation regime would support the government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without having to raise new taxes on superannuation consumers," ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...