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Showing 391 - 400 of 4750 results for "July 1 2014"

Growthpoint sells down majority stake in six industrial assets

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
NASDAQ-listed alternatives fund manager TPG will acquire a major stake in six assets of Growthpoint Properties Australia's industrial and logistics portfolio. Terms of the agreement will see the US fund manager's subsidiary TPG Angelo Gordon ...

ACCC approves Lendlease, Stockland property deal

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
The Australian Competition and Consumer Commission (ACCC) won't block Stockland and Thai property developer Supalai's plan to acquire 12 of Lendlease's 16 residential community projects, but there are strings attached. The masterplanned communities ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
Vanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims ...

Magellan makes internal PM moves

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
Magellan Asset Management has moved around the portfolio managers for three of its funds. The Magellan High Conviction Trust, the Magellan Global Equities Fund and the Magellan Global Fund will be affected by the changes, effective today. Alan Pullen ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
ESSSuper Income Stream members will see a 33% increase in their administration fee cap due to higher costs borne by the superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from ...

GAM Investments loses local lead

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
Alex Zaika, the local head of GAM Investments, has resigned from his role at the Switzerland-based asset manager to join another firm. It is understood that the global asset manager is currently searching for Zaika's replacement. Zaika, who joined ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
The legislation that will see superannuation contributions paid alongside government-funded parental leave entitlements passed parliament this morning. Parents receiving payments from the Commonwealth Paid Parental Leave scheme will begin receiving ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...