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Budget boosts fuel security, misses clean energy opportunities

KARREN VERGARA  |  THURSDAY, 14 MAY 2026
With Treasury pledging a whopping $14.8 billion to boost fuel security amid the Middle East crisis, the 2026 Budget has been criticised or missing key opportunities to progress the clean energy transition. Treasurer Jim Chalmers' Strengthening Australia's ...

Aussie active equity managers lack persistent outperformance: SPIVA

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... in the subsequent five-year period, while 46.6% dropped to the bottom quartile or were merged or liquidated," the report read. However, fixed income fund managers showed some signs of skill, with several funds consistently outranking their peers in the ...

Adviser ban stretched to 2028 in ASIC deterrence win

RIDDHIMA TALWANI  |  WEDNESDAY, 13 MAY 2026
... as a financial adviser," ASIC said. "In many ways, Rogers was careless or reckless in dealing with his clients. He did not read the prospectuses and PDSs of the products carefully, if at all. He relied blindly on information fed to him by paraplanning ...

Government pushes for investment risk taking

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... is particularly valuable for sole traders who often face higher administrative burdens relative to their size," the budget read. This measure is estimated to reduce compliance costs for small businesses by around $32 million per year. Starting this year ...

Government plans 'standardised' assessment for NDIS

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... government will design a standardised, evidence-based assessment of functional capacity to determine scheme access," the budget read. The government will provide $19.2 million over four years to establish a technical advisory group and to ensure representative ...

ASX Advisory Group gives update on corporate governance revision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... material has also been revised and is designed to help entities, rather than create additional obligations," the communique read. A consultation on the principles will take place in mid-July, which will include a mix of public forums, industry consultations ...

Another private equity manager joins bidding war for oOh!media

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
oOh!media has received another unsolicited takeover bid, this time from I Squared Capital (ISQ) valuing the media firm at around $765 million, topping the previous bid from Pacific Equity Partners (PEP) which valued the firm at $747 million. The board ...

Platinum Asset Management awards back-office mandate to Apex Group

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
... with new Apex 'Investor Numbers' which will be an important, unique identifier for investors' accounts," the announcement read. For investors, direct debit will no longer be available for regular investment plans, with payments to be made via BPay or ...

Future Fund gains nearly $2bn in March quarter despite market volatility

MATTHEW WAI  |  TUESDAY, 5 MAY 2026
Future Fund has reported positive returns across all its portfolios, adding some $28.3 billion in 12 months. In the March quarter, Future Fund returned 0.6% to $269.1 billion, almost a $2 billion increase from the end of 2025. Other funds managed by ...

Pengana plots AI-focused LIT launch

KARREN VERGARA  |  MONDAY, 4 MAY 2026
... would be made pursuant to a product disclosure statement (PDS) issued in accordance with applicable law (which should be read in full, and considered together with a target market determination (TMD) issued in relation to units in the proposed trust)." ...