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Showing 501 - 510 of 1063 results for "coal"

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
The financial services industry has welcomed the Finance Minister Mathias Cormann's decision to temporarily freeze the amendments to the Future of Financial Advice (FoFA) legislation, which some stakeholders believe will lead to increased consumer protection. ...

FoFA regulations paused, but legislation will go ahead

JAMES FERNYHOUGH  |  TUESDAY, 25 MAR 2014
The plan to freeze the Future of Financial Advice (FoFA) amendments applies only to the regulatory changes, Senator Cormann's office has confirmed. The government has already introduced the amendments as legislation, and the process is underway. However ...

Market Wrap

AAP  |  TUESDAY, 25 MAR 2014
... had eased three cents to $35.71, Rio Tinto was up 12 cents at $61.62 and Fortescue Metals had gained 2.5 cents to $5.115. Coal miner New Hope Corporation sagged five cents to $3.14 after reporting a 67 per cent slump in half year profit. Among the better ...

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
Industry superannuation funds are spending millions of dollars a year on advertising, with some funds' expenditure even exceeding that spent by banks on their own superannuation advertising campaigns, figures released by Nielsen show. However, overall ...

NZ Super Fund invests in N American energy

PAUL MCBETH, AAP  |  FRIDAY, 21 MAR 2014
... investments, A said the move seeks to latch on to the opportunity thrown up in North America where gas increasingly replaces coal as an energy source as a result of the increasing use of hydraulic fracturing, or fracking. "The opportunity we see provides ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Planned changes to the regulation of managed discretionary accounts (MDAs) will not go ahead, the Australian Securities and Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy ...

UCA introduces fossil fuel screening

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
... Fund Management will cease to invest directly in companies involved the extraction, refinement and exportation of thermal coal and unconventional oil and gas. The ethical fund manager, which is associated with the Uniting Church in Australia, will join ...

RBS posts soaring losses, pays $1m bonuses

AAP  |  FRIDAY, 28 FEB 2014
Royal Bank of Scotland's losses soared to almost STG9 billion ($A16.82 billion) last year, the state-rescued lender has announced, while its decision to pay millions in bonuses has triggered a political backlash. Net losses announced on Thursday widened ...

Market Wrap AM

AAP  |  WEDNESDAY, 26 FEB 2014
... and Sydney Airport are expected to post full year results. AGL Energy, WorleyParsons, Lend Lease, Flight Centre, Whitehaven Coal and Wotif are among the companies due to release first half results. In Australia, the market on Tuesday broke its positive ...