Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 6021 - 6030 of 6884 results for "Act2"

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
On the eve of the implementation of the most significant provision of the Anti-Money Laundering and Counter-Terrorism Financing Act, the regulator Austrac has conceded that there is a big loophole in the law. Austrac issued a statement yesterday, saying ...

US-Aust rates spread widens to 250 bps

ALEX DUNNIN  |  WEDNESDAY, 12 DEC 2007
The US cut in interest rates to just 4.25 per cent pushes the differential against Aussie rates to a near record high of 250 basis points and signals more turbulence for the AUD and jittery world share markets. The third US rate cut this year continues ...

APRA audit adds to bottomline

MICHAEL HOBBS  |  TUESDAY, 11 DEC 2007
Super funds with transparent IT systems are more likely to pass random APRA audits and reduce their overall compliance costs, according to Panos Alexandratos, general manager at regulatory software company IQ Business Group. Alexandratos said institutions ...

Non-TFN tax attack

MICHAEL HOBBS  |  WEDNESDAY, 5 DEC 2007
The 31.5 per cent tax penalty to be applied to super funds without member tax file numbers (TFN) risk massively damaging the retirement incomes of members who either don't know about the rule change or who can least afford the tax hit. Raising the dire ...

NZ planners regs improve fee transparency

New Zealand planners have received three-month notice to follow tighter rules on fee disclosure after a new government ruling was announced this week. NZ Commerce Minister Lianne Dalziel said that investment advisers will now be required to provide ...

Take governance seriously or lose investor support

ALEX DUNNIN  |  WEDNESDAY, 5 DEC 2007
Institutional investors have thousands of companies in Australia and overseas bidding for their support and unless companies start taking their governance concerns seriously these investors will vote with their wallets. "Some companies seem to have ...

Market Wrap - Morning

AAP  |  TUESDAY, 4 DEC 2007
The Australian stock market is expected to open weaker, influenced by a weak result on Wall Street and lower base metal prices. At 0804 AEDT on the Sydney Futures Exchange, the December share price index was down 20 points at 6538. In economic news ...

Perfect storm

ALEX DUNNIN  |  THURSDAY, 29 NOV 2007
High oil prices and a shrinking US dollar signal an economic perfect storm looming on the horizon, warns the International Monetary Fund (IMF). Simon Johnson, IMF chief economist told ABC TV's Business Lateline program last night that the credit crisis ...

Indian infrastructure investing fuels sustainability

ALEX DUNNIN IN NEW DELHI REPORTING FROM THE INAUGURAL AUSTRALIA INDIA FINANCIAL FORUM  |  FRIDAY, 23 NOV 2007
India is seeking US$500 billion over the next five years to help fund its national infrastructure plan, creating a big opportunity for Australian investors to get in on the ground floor. "We need this money over the next five years to fund our plan ...

India: a country within a country

ALEX DUNNIN REPORTING FROM MUMBAI AND NEW DELHI AT THE INAUGURAL AUSTRALIA INDIA FINANCIAL FORUM  |  THURSDAY, 22 NOV 2007
India's dramatic transformation into the modern economy is even more remarkable given its socialist past and the fact it was almost bankrupt just five years ago. "We used to have great faith in socialism especially when Indira Gandhi was Prime Minister. ...