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| | | AMP's 57% year-on-year jump in its half-year profit shows positive signs of recovery but it's still a far cry from the company it was four years ago. In the six months to June, the group's underlying net profit after tax hit $181 million ... |
| | | | Despite reporting a $1.4 billion profit boost, Commonwealth Bank's legacy financial advice business and legal troubles continue to eat away at the bottom line. In releasing its FY21 results this morning, CBA's provisional remediation bill owed ... |
| | | | The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous ... |
| | | | The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ... |
| | | | ... may be a port of call. Asked whether he was saying that ASIC and super funds would be the beneficiaries, Harrison answered: "Yes, they would definitely be beneficiaries." His response prompted committee chair and Liberal MP Tim Wilson to remark: "It's ... |
| | | | The government has released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released ... |
| | | | Appearing before a parliamentary committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson ... |
| | | | AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another. AustralianSuper chief executive Ian Silk and Cbus ... |
| | | | The industry fund is expecting to cap off the financial year with 19% returns, on the back of strong markets and a 1.5% to 2% alpha contribution. Cbus chief investment officer Kristian Fok yesterday said the 19% expected return was a "remarkable turnaround" ... |
| | | | The Australian Transaction Reports and Analysis Centre (AUSTRAC), which has handed out record fines to the big banks, will face new scrutiny from the Senate. Labor Senator Deborah O'Neill'smotion to set up an inquiry into the agency through the Senate ... |
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