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Showing 541 - 550 of 17422 results for "Billion"

Chalmers says Budget will make 'hard decisions'

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... wages, without more pressure on prices," he said. Chalmers said he is committed to budget repair having already found $114 billion of savings and reprioritisations across seven budgets and mid-year updates. "The budget is now more than $233 billion better ...

Senate report provides fuel for CGT discount tweak

JAMIE WILLIAMSON  |  THURSDAY, 19 MAR 2026
... called for the CGT discount to be reduced to 30%, estimating that it - coupled with other tax reforms - could generate $29 billion in income tax cuts for workers. Meantime, the committee's final report also said the design of the discount has the potential ...

Ironbark brings businesses under one national banner

RIDDHIMA TALWANI  |  WEDNESDAY, 18 MAR 2026
... capabilities we have built over time," Ironbark Financial Group chief executive and co-founder Chris Larsen said. With $93 billion under advice, management and trusteeship, the financial services group said bringing the brands together under a single ...

Challenger slashes offer price for Pepper Money

RIDDHIMA TALWANI  |  WEDNESDAY, 18 MAR 2026
... commercial real estate and novated leases in Australia. In New Zealand it offers residential home loans. Pepper Money had $20.1 billion in assets under management (AUM) at the end of June 2025. Mortgage loans comprise most of the AUM at $9.5 billion ...

L1 Group eyes golden returns with new LIC

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
L1 Group plans to raise up to $1 billion for the new L1 Gold Fund Limited and intends to list it on the ASX with the ticker code LGF. It has invited investors to apply for up to 500,000,000 shares at a price of $2 per share. It expects to commence trading ...

Aware, TelstraSuper take final steps towards merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2026
... saying it felt it was unlikely to achieve its objectives. Upon completion of the merger, Aware Super will manage about $237 billion on behalf of more than 1.3 million members.

Clime offloads advice business, keeps 10% stake

KARREN VERGARA  |  MONDAY, 16 MAR 2026
... million to an unnamed group but will retain a 10% interest in the newly combined business. Clime Advice, which has $2 billion in funds under advice (FUA), will continue to operate under the Clime Private Wealth brand once the deal finalises, which is ...

Bain Capital to acquire Perpetual's wealth management unit

KARREN VERGARA  |  MONDAY, 16 MAR 2026
... returns over the longer term." KKR was close to acquiring the wealth management and corporate trust businesses for $2.2 billion but was shot down due to Perpetual incurring a potentially substantial tax bill. At the end of December 2025, the wealth management ...

Global X to tap humanoid robotics boom

JAMIE WILLIAMSON  |  FRIDAY, 13 MAR 2026
... productivity. Research released by Barclays this year shows the global humanoid robotics market is on track to hit US$40 billion by 2035 but could reach as high as US$200 billion. Currently, it sits at less than US$3 billion. This is because progress ...

FEAL names Fund Executive of the Year

ELIZA BAVIN  |  FRIDAY, 13 MAR 2026
... MIESF successor fund transfer. "Under his leadership, CareSuper now supports more than 600,000 members and manages $62 billion in funds under management, including welcoming more than 78,000 new members in FY25," FEAL said. In addition, Murray introduced ...