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Showing 31 - 40 of 354 results for "Subsequently"

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... entered voluntary administration on November 11, and the regulator suspended its AFSL until 15 May 2023, which was subsequently extended to 24 July 2023. KordaMentha partners John Mouawad, Scott Langdon and Rahul Goyal were appointed as voluntary administrators ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... pronounced when considering government-funded formal care facilities such as residential aged care homes and hospitals. Subsequently, KPMG said incentivising informal caregiving through the addition of SG contributions, could lead to considerable net ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... productivity to favourable weather conditions in recent years. "Extreme weather conditions directly affect production and subsequently influence MFP measure, as output can vary significantly for a given amount of inputs," the report read. As an example ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... and ask orders on the same security at the same price, potentially creating a false impression of active trading. Subsequently, the regulator found that Openmarkets didn't have appropriate supervisory procedures to ensure compliance with requirements ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... and simultaneously see operating leverage emerge in the future earnings profile of the business." The super fund subsequently chose GROW, citing its shared commitment to innovation, and the potential for superior commercial benefits. "This and other ...

Adviser numbers drop, FAAA strengthens recruitment

KARREN VERGARA  |  MONDAY, 15 MAY 2023
... of ASIC's Financial Adviser Register. This equates to a 45% drop from the peak of 25,805 at the end of June 2019. Subsequently, the staggering demand for advice is not only forcing practices to turn clients away, but it has also led to challenges when ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... expected to be the weakest for global growth in over two decades. This will affect us here in Australia," he said. Subsequently, Australia's economic growth is expected to slow from 3.25% in 2022-23 to 1.5% the following year, before recovering to ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... market volatility largely driven by global central banks' aggressive monetary tightening to curb inflation, which has subsequently slowed economic growth. Super funds' rate of return for last year was -5.5% per annum, a significant decrease compared ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... Mota attributed the reduction in revenue to some clients paying fees that were below the minimum fee level and were subsequently turned off, as well as adviser turnover. "We've seen revenue come down, we've seen costs come down further, which ...

Commonwealth Super Corp hires former MTAA investments lead

ELIZABETH FRY  |  FRIDAY, 17 FEB 2023
... motor trades after the industry super fund merged with Tasplan to become Spirit Super on 1 April 2021. Ross Barry was subsequently named chief investment officer of the merged entity. Before joining MTAA, Brown served as a prudential supervisor a the ...