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| | | ... decrease when compared to the preceding year. Dexus said the shift from FY22 profit of $1.6 billion was down to $1.18 billion of fair valuation losses incurred on its investment properties, due to a reduction in capitalisation rates across the portfolio. ... |
| | | | Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ... |
| | | | ASIC permanently banned a financial adviser who has been advising for 34 years after an investigation found, among other violations, that he misappropriated funds and dealt in derivatives without the proper authorisations. Donald James Cuthbertson ... |
| | | | Assembly Funds Management (AFM) has initiated a limited first close of its second diversified real estate fund, ADPF2, aiming to capitalise on value add and special situations opportunities in the market. AFM's first fund, ADPF1, which has $350 million ... |
| | | | In the latest episode of the Financial Standard podcast, First Nations Foundation chief executive Phil Usher says superannuation is inadequate for meeting the needs of all Indigenous Australians, adding that change is needed to ensure better future ... |
| | | | ... revealed a statutory net loss of $8.9 million, down $60.7 million against the comparative period. The loss was due to a net fair value loss on $21.9 million on investment properties, it said. NPR declared a distribution of 9 cents per stapled security. ... |
| | | | ... branches, offshore jobs, and force staff to work in the office for half the time. The union recently lodged a dispute at the Fair Work Commission challenging the bank's direction. FSU national secretary Julia Angrisano said: "CBA's record profit demonstrates ... |
| | | | ... 122% loss after raking in a profit of $911.9 million in the prior period. The property fund manager calculated adverse net fair value movements on its properties totalling to a loss of $362.7 million, a far cry from a profit of $625.9 million in FY22. ... |
| | | | ... treasurer. "We're also cracking down on the scourge of multinational tax avoidance and making sure multinationals pay their fair share of tax in Australia. "By increasing penalties, giving regulators stronger teeth to investigate and prosecute perpetrators ... |
| | | | ... on Link Fund Solutions, a non-cash impairment of -$25.3 million on Banking and Credit Management division goodwill, and a fair value write-down of -$31 million on the value of the Smart Pension acquisition. It will also record a premises impairment of ... |
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