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Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and 95% of home care, which the taskforce describes as "not an optimal or fair mix." One of the reasons for this, the taskforce said, is that ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians achieve home ownership by allowing first ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... incorporates AI. "If a company is raising money from the public... it needs to be truthful about its use of AI," he said. Closer to home, ASIC hasn't yet sounded the alarm on AI washing, but chair Joe Longo has voiced apprehensions regarding the adequacy ...

FICAP RockStar slated for July

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2024
... (FICAP) annual Who wants to be a RockStar? event is returning in July and, for the first time, the event's winner will take home an incredible prize. FICAP's flagship event will take place in Sydney on Thursday, July 25. Who wants to be a RockStar? showcases ...

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... in our mutual success." Demonstrating that dedication, Dunnin has chalked up more than 750,000 kilometers driving from his home in country NSW to Rainmaker's Sydney office each week. In the same period, Australia's superannuation and wealth management ...

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... assistant treasurer and shadow minister for financial services in Luke Howarth, while Andrew Bragg takes on the portfolio of home ownership. Opposition leader Peter Dutton unveiled a shakeup of his frontbench yesterday, delegating Howarth the dual roles. ...

EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... explained that the business was initially built off high-net-worths and then moved to raise capital for institutional partners at home and overseas. More recently, however, it went back to raising capital through high-net-worths, mainly friends and family ...

Nominations open for 30th annual MAX Awards

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... the Year Website of the Year In 2023, some 115 finalists were celebrated. Some of the winners included Hostplus, which took home two gongs. Hostplus head of digital and media Ian Ross won Executive of the Year - Marketing, while the super fund also won ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... records. During his tenure, Guo also moved $2.6 million from an account with investor funds, allocating portions to his personal home loan and bank account. Further, ASIC notes that Guo took control of 23.11 bitcoins, valued at roughly $1.8 million and ...

Super funds captivated by equities: Research

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
... appetite for bonds, allocating 58% and 56% respectively. Across the board, the study found that there is a clear sign of reduced home bias in equities. Weightings in domestic equities has fallen, on average, from 60% in 2003 to 36.3% in 2023. Out of ...