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| | | The buyers of Sargon's operating businesses have announced its new executive and board lineup and will rebrand it to Certes Corporation, leaving behind the Sargon brand. Former PEXA chief Marcus Price will move into the role of group chief executive ... |
| | | | ... infrastructure and real estate as defensive proxies prior to the COVID-19 crash, and were instead negatively impacted by poor economic growth and GDP expectations, he said. "However, many of these investors did not realise that they were 'at risk,' and ... |
| | | | The Australian Taxation Office has shared its concerns about a growing number of SMSFs purchasing and investing in the development of real property. The ATO said it strongly encourages SMSF trustees who may be considering property development to seek ... |
| | | | ... experience of doing so. "There are risks involved, but there are also many risks of not doing so - including slower growth and poor member outcomes." He added that funds committing to mergers must "follow rigorous assessment on member outcomes and robust ... |
| | | | ... of an AFSL that they say the FPA failed to consider. "Additionally, licensees provide capital protection in the event of poor advice or importantly, remediation when needed, in the event there is no recourse through the adviser," the statement said. ... |
| | | | At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ... |
| | | | ... for child exploitation risk in respect of some products occurred due to deficient financial crime processes, compounded by poor individual judgements," the bank said. Westpac chief executive, Peter King, said the management accountability assessment ... |
| | | | ... "The life insurance industry's performance continues to worsen," APRA said in a statement. "This deterioration was caused by poor results in both the December and March quarters, driven by the poor performance of risk business...and a substantial collapse ... |
| | | | As the nation's states and territories gradually reopen, business leaders have been called upon to harness the learnings of the crisis as we move into the next stage of recovery. Flexible working, reduced business travel, worker's rights, board ... |
| | | | ... sources." The global shut down disproportionately impacted REITs, he said, not through misbehaviour of gearing up, owning poor assets or embarking on other non-core activities - but through the impacts of social distancing. Now, REITs are on the frontline ... |
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