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Showing 621 - 630 of 2944 results for "August 20"

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
... plus 11 points in the previous month - and that of the consumer - down by 4.4% to an 11-month low reading of 104.1 in August - would take their toll on the labour market. But as the saying goes, "those who don't remember the past are doomed to repeat ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Equity Trustees' major superannuation client wins in the last financial year saw the business unit more than triple its assets. The superannuation business' funds grew from $11.2 billion to $33.6 billion year on year. It now provides trustee services ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
Senator Jane Hume has opened another consultation on how superannuation funds disclose their portfolio holdings as part of the Your Future, Your Super reforms. This specific piece of the Your Future, Your Super legislation covers how members' holdings ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
The Delta variant and its seeming immunity to lockdowns and extended lockdowns continue to dominate attention in Australia. Last week, the state of New South Wales (NSW) announced stricter and broader (into regions) of restrictions; the Australian Capital ...

ASIC takes property development group to court

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
ASIC is investigating the owners of a Perth-based property development firm who gave unlicensed financial advice. Monica Kaur, Melvin Paul Singh, Sadu Singh and Stephanie Lee, who operate MKS Property Investments/Developments and Paradise Property Group ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The ASX-listed platform business has announced a permanent chief executive, replacing Michael Ohanessian. Anthony Wamsteker, who was appointed interim chief executive and an executive director in May, will step into the role permanently on August 16. ...

Preqin acquires Colmore

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The alternatives research business has acquired private markets technology, services and administration business Colmore. The transaction closed on August 5. Colmore will be fully owned by Preqin and run as a standalone business. Colmore chief executive ...

SEEK raising $260m for new fund

KANIKA SOOD  |  WEDNESDAY, 11 AUG 2021
The ASX-listed jobs listing business will raise $260 million from external investors for a new fund that invests in employment-related businesses. The SEEK Growth Fund is a pooled unit trust formed after SEEK's strategic review of its Asia Pacific and ...