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Showing 31 - 40 of 100+ results for Melanie Timbrell

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
ASIC's new guidance on hedge funds will force managers to greater disclosure on where money is invested, how assets are valued, the fund's structure and the risks involved to better protect investors following recent high-profile cases of fraud. Addressing ...

Banks take Bell Group case to High Court

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
The consortium of 20 banks involved in Australia's longest-running court case is seeking leave to appeal to the High Court. The banks, led by Westpac, lost an appeal in Western Australia's Supreme Court last month on a 2008 ruling that ordered them ...

Deutsche Bank restructures

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Deutsche Bank has created a new integrated Asset & Wealth Management division at the global level, calling the unit an "essential part" of the universal banking model and effectively curtailing earlier speculation it was up for sale. The new division's ...

VicSuper and Vision Super in merger talks

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Vision Super has begun talks regarding a potential merger with VicSuper following the collapse in May of its planned merger with Equipsuper. Barbra Norris, VicSuper chairperson, said there was strong alignment between the two funds particularly in terms ...

SuperIQ acquires Smartsuper

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Self-managed super fund (SMSF) provider SuperIQ has acquired former Perpetual business Smartsuper in the latest wave of consolidation in the space. Acquisitions in the SMSF space are proving commonplace as businesses attempt to build client bases during ...

Judgment reserved for accused Ponzi head

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
The New South Wales Supreme Court has reserved its judgment in the long-running case against New Zealand businessman David Hobbs, who stands accused of heading a US$42 million Ponzi scheme. ASIC first took action against the unlicensed operators of ...

Treasury paper ignores responsibility: ACFS

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Recently released proposals to increase the power of the prudential regulator have failed to address the issue of accountability and performance appraisal. The Australian Centre for Financial Studies (ACFS) has argued in an analysis paper released today ...

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned. All new SMSF investments in art and collectables made on or ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe. The Labor scheme, announced in ...

More innovation needed on 'demand side' infra opps: ASFA

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
In the debate about alternatives to investment in transport infrastructure, the temptation is often to simply look at another road or rail project to address supply-side demand related to the congestion in Australia's capital cities. Yet, as ASFA's ...