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Showing 41 - 50 of 6977 results for "Act 1993"

APRA hits 12 super options with failed grade

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
The number of failed investment products nearly doubled in the 2026 APRA superannuation performance test, with BUSSQ being the only industry fund to make the list dominated by retail funds. One MySuper product and 11 trustee-directed products (TDPs) ...

AUDC supports startup to launch tokenised private credit offering

MATTHEW WAI  |  FRIDAY, 28 AUG 2026
Australian stablecoin issuer AUDC has selected a local fintech company to integrate its Australian domiciled stablecoin for a tokenised private credit offering via its grant program. Kasu is a real-world-asset private credit platform that connects loan ...

American Century names APAC managing director

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
American Century has named a new managing director and head of Asia Pacific, joining from Dimensional Fund Advisors. Nigel Stewart has joined the US$350 billion global asset manager and will report to Avantis Investors chief investment officer Eduardo ...

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
Macquarie's board has rejected KPMG as its auditor starting 2027 and will instead proceed with incumbent auditor PricewaterhouseCoopers (PwC). This comes after Macquarie chair Glenn Stevens was grilled at the August 14 parliamentary hearing over the ...

CBA, Colonial First State settle class action for $249m

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
Commonwealth Bank (CBA), together with Colonial First State Investments (CFSI) and Avanteos Investments, have agreed to settle the long-running Interest Rates Class Action for $249 million but deny wrongdoing. The class action spearheaded by Slater ...

Bathla collapse rattles private credit

RIDDHIMA TALWANI  |  WEDNESDAY, 26 AUG 2026
Property developer Bathla Group went into voluntary administration yesterday, raising fears that investors will pull back from private credit funds exposed to the sector. In response, MA Financial has introduced a temporary monthly redemption limit ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
Netwealth reported record underlying earnings and funds under administration in FY26, though its statutory result was weighed down by $74 million in after-tax costs related to the First Guardian Master Fund collapse. The platform provider incurred a ...

Trusts, foundations deploy $100m in catalytic capital: Report

KARREN VERGARA  |  MONDAY, 24 AUG 2026
A new report reveals Australian trusts and foundations have deployed $100 million into higher-risk, impact-focused investments over the past three years, signalling promising demand for catalytic capital despite the market remaining in its early stages. ...

Second bidder emerges for Equity Trustees

MATTHEW WAI  |  MONDAY, 24 AUG 2026
Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer. EQT Holdings (ASX: EQT) has received a proposal from BGH Capital to acquire 100% of the outstanding shares in ...

Trustees, platforms, cyber risk under APRA spotlight

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
Superannuation trustees, platforms and cyber resilience will be under more scrutiny in the 2027 financial year from the prudential regulator. APRA laid out its priorities in its newly published 2026-27 Corporate Plan, firing warning shots at trustees ...