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Showing 6311 - 6320 of 6884 results for "Act2"

HNW investors dumping hedge funds in favour of PE

ALEX DUNNIN  |  THURSDAY, 22 JUN 2006
High net worth (HNW) investors are diversifying their investments away from equities and property but underperforming hedge funds have pushed them into the private equity sector. Merrill Lynch have just released the 10th anniversary edition of their ...

ASIC serves up life to insurance rep

HAMISH MADDEN  |  THURSDAY, 22 JUN 2006
A former CGU Insurance representative has been permanently banned from offering financial services after repeated and deliberate dishonest behaviour, including spending client's insurance premiums on himself. Terence Howell, from Victoria, has received ...

Plan B refutes first mover claims on fee for service

KATE HAGE  |  THURSDAY, 22 JUN 2006
Perth based financial planning group Plan B has refuted "first mover" claims made by MLC's high end financial planning group Godfrey Pemboke, who last week touted their switch to a purely fee for service remuneration model as a first in the industry. ...

Two directors cop ASIC bans

HAMISH MADDEN  |  MONDAY, 19 JUN 2006
Two directors have been banned from providing any financial services for three years following an investigation by the Australian Securities and Investments Commission (ASIC). Brian Forshaw and Guiscardo Bottari, both operating out of Melbourne, have ...

Mortgage broker arrested

HAMISH MADDEN  |  THURSDAY, 15 JUN 2006
A former mortgage broker has been arrested and charged following an investigation by the Australian Securities and Investments Commission (ASIC). Michael Cay was arrested in Beechworth, Victoria, following an ASIC investigation into his conduct as the ...

Directors banned over unregistered schemes

Two directors of Atlantic 3 Financial have been banned from managing a corporation following applications made by the Australian Securities and Investments Commission (ASIC). Dr Fredric Acker was banned for 10 years by the Supreme Court of Queensland ...

ACT govt slashes SG

HAMISH MADDEN  |  THURSDAY, 8 JUN 2006
In its 2006-07 Budget, the ACT Government has announced it will reduce its superannuation guarantee level to 9 per cent from 1 July 2006 in a bid to reel in the expected 700 per cent increase in super costs over the next 30 years. Up until now all employees ...

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
Four people have been charged by the Australian Securities and Investments Commission (ASIC) regarding unlawful and misleading conduct which resulted in Sydney investors taking out and subsequently defaulting on Macquarie Bank Margin Lending loans. ...

All is fair in love and bankruptcy

Small business mums and dads will be the worst affected by the new bankruptcy rule that allows bankruptcy trustees to take away the family home even if only one spouse goes bankrupt, regardless of who paid what for the property. Geoff McDonald, barrister ...

Market wrap

AAP  |  TUESDAY, 6 JUN 2006
The Australian share market is expected to open weaker, pushed down by losses on Wall Street. On the Sydney Futures Exchange, the June share price index contract was 81 points lower at 5054. On the day the Reserve Bank of Australia holds its monthly ...