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Australia Day: How the barbecue has changed
DARREN SNYDER  |  FRIDAY, 25 JAN 2019
Over the past 20 years, Australians have increasingly paid more for their meat at Australia Day barbecues. They're also more conscious about drinking alcohol to excess and should eat fruit salad. The Australian Bureau of Statistics (ABS) said sausages ...
AFIC director retires
DARREN SNYDER  |  FRIDAY, 18 JAN 2019
A director at the Australian Foundation Investment Company (AFIC) is retiring today after a five-year stint on the board. Retiring from the AFIC board is Jacqueline Hey, a member of the company's investment committee and nomination committee. She has ...
ATO and TPB terminate tax agents
DARREN SNYDER  |  FRIDAY, 18 JAN 2019
The registrations of tax agents QTR Accountants and Nicoh Group were terminated this week following a joint TPB and ATO investigation. The Tax Practitioners Board (TPB) and the Australian Taxation Office (ATO) received 19 consumer complaints about the ...
MLC Life welcomes board member
DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
The $500 million outlay to improve systems and technology at MLC Life Insurance is being supported with the appointment of a new board member. MLC Life Insurance recently welcomed Jacqueline Korhonen as an independent non-executive director. She has ...
AFSL to begin independent review
DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...
AXA IM backs Japanese logistics
DARREN SNYDER  |  TUESDAY, 8 JAN 2019
A sovereign wealth fund and an Asia Pacific real estate developer have teamed with AXA Investment Managers' real assets division to create a Japanese logistics business. The joint venture is being established through the purchase of six logistics assets ...
ASIC and Westpac court battle sees mixed outcome
DARREN SNYDER  |  FRIDAY, 4 JAN 2019
A landmark Federal Court judgment has provided greater clarity between general and personal financial advice, ruling in favour of Westpac's position. Yet the bank still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed ...
Ausbil ESG strategy advances
DARREN SNYDER  |  THURSDAY, 3 JAN 2019
Ausbil's in-house ESG research team has matured to the point where it's leading investment strategy creation and attracting a wider international audience. The asset manager's call to develop its own ESG team and not buy research "off the shelf" means ...
IOOF appoints independent reviewer
DARREN SNYDER  |  TUESDAY, 1 JAN 2019
APRA's licence conditions imposed on IOOF require the wealth manager to begin 2019 with the appointment of an independent reviewer who will report to the regulator quarterly. The independent reviewer's role will be to report on IOOF's progress ...
Super funds edge towards a flat 2018
DARREN SNYDER  |  THURSDAY, 27 DEC 2018
The final quarter of calendar year 2018 started in horrible fashion for Australia's superannuation funds as about $22 billion was wiped from MySuper returns since January. However, some funds were able to manage the downside well. Recording this ...
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