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Showing 391 - 400 of 3205 results for "Scheme"

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
Two separate laws that regulate how superannuation funds deal with non-arm's length expenses (NALE) and income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury ...

AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... 199-apartment project in Kensington. The facilities are 100% electric and have a seven-star average Nationwide House Energy Rating Scheme (NatHERS) rating. A two-bedroom apartment with one bathroom, for example, is rented for $715 per week. Residents ...

Greece taps BlackRock FMA to build sovereign wealth fund

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
Greece will soon launch its inaugural sovereign wealth fund called National Investment Fund with the help of BlackRock's Financial Markets Advisory. Kostis Hatzidakis, Greece's minister of national economy and finance, affirmed the country's ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... Nissan Superannuation Plan and CSS came out on top with $892,461 and $568,184 respectively. The Public Sector Superannuation Scheme came in third spot with $487,058. Super funds with a relatively smaller membership base reported substantial assets under ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... their first home. The analysis focused on 38-year-olds and assumed that 20% of renters would purchase a home under the scheme. The Parliamentary Budget Office (PBO) estimated that the proposal could decrease the cost of the CRA by $35.4 million over ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... fixed-yield earning products based on crypto-assets, alleging Block Earner was running an unregistered managed investment scheme. In February this year, the Federal Court agreed Block Earner had operated a managed investment scheme without a licence. ...

Innova backs using leverage in super for housing

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
Innova Asset Management has entered the super and housing debate, saying allowing the use of leverage in superannuation it could help younger Australians who are locked out of the property market build wealth. Innova said millennials are firmly locked ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... caller is authorised by the Financial Conduct Authority, or is the trustee or manager of an occupational or personal pension scheme, or where the recipient has consented to the calls.

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
AustralianSuper copped the highest number of complaints in the last six months of 2023 totalling 936, which was nearly three times more than other major super funds like Cbus, Australian Retirement Trust (ART), and Aware Super. New data from the Australian ...