Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 10510 results for "SET"

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
The ASX recorded $1.12 billion in operating revenue in the 12 months to 30 June 2025, a 7.3% surge from the previous corresponding period. Underlying net profit after tax (NPAT) grew 7.5% to $510 million, while statutory NPAT recorded a lower growth ...

Unemployment falls, more women enter the workforce

ELIZA BAVIN  |  FRIDAY, 15 AUG 2025
The seasonally adjusted unemployment rate fell to 4.2% in July, according to data from the Australian Bureau of Statistics (ABS). "With employment rising by 25,000 people and the number of unemployed decreasing by 10,000 people, the unemployment rate ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... reviewing the claim," it said. "We note that ASIC has expressly stated in its pleading that it does not allege that [Mercer Super] set out to deliberately mislead ASIC in respect of the matters in the claim." Mercer Super has some 950,000 members, serving ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... of the Corporations Act for either the Minister or ASIC to fix it," he said. "This outcome should have been avoidable. As set out above, this is a particularly complex matter where the obligations differ based upon the length of the fee arrangement ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ...

Some Australians being taxed more on super than pay: SMC

ELIZA BAVIN  |  TUESDAY, 12 AUG 2025
New research by Super Members Council (SMC) found those on the lowest wealth rungs are not benefitting from super as those further up the ladder. SMC said this was due to less paid work due to disability, health or caring responsibilities; higher costs ...

New Challenger IM notes seek to raise $350m

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... helped bring Challenger IM LiFTS to market. Challenger IM currently has more than $16 billion assets under management. CIMHA is set to trade on the ASX on September 10.

Chalmers calls for solutions, not problems

ELIZA BAVIN  |  FRIDAY, 8 AUG 2025
... about building consensus around reforms, the issues papers do the problem definition," Chalmers said. "They define the issues, set out recent trends and outline the big challenges and opportunities we are confronting. "They are deliberately flat and ...

WT Financial's Investco makes acquisition

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
The joint venture between WT Financial (WTL) and Merchant Wealth - Investco - has announced a fresh acquisition and the establishment of its second "Hubco". Titan Advice Group (TAG) - which was formed as the first Hubco in April - has announced the ...

ASX flags up to $35m in additional operating costs

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
The ASX has flagged it expects to be hit by additional operating expenses of between $25 million and $35 million because of ASIC's inquiry. In June ASIC announced a fresh inquiry into the ASX, focusing on its overall governance, capability, risk ...