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Showing 621 - 630 of 1941 results for "SAFE"

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
Link Market Services has been hit with another lawsuit for allegedly failing to protect more investors from the troubled Woodford Equity Income Fund (WEIF). UK law firm Leigh Day is representing more than 4000 clients who invested in the WEIF, which ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... deposit for a few months in order to earn more interest than the money is currently earning in the bank. I am looking for a safe investment and I want to be able to get the money out early if I purchase a property." The representative for Mayfair 101 ...

Equipsuper in another merger

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
Equipsuper has kicked off another successor fund transfer with an 83-year-old corporate superannuation fund that has more than $680 million of assets. BOC Super will merge into the $16 billion superannuation fund after its trustee determined that the ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... Care Act that puts older people first, enshrining their rights and providing a universal entitlement for high-quality and safe care based on their needs. An Inspector-General of Aged Care role should be established to identify and investigate systemic ...

Government fund names new chief executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
A $2.3 billion government fund has announced that its chief executive of 13 years is departing, with a replacement from a merging industry fund stepping into the role. Michelle Wade has resigned from AvSuper after 13 years leading the fund. She will ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... under Division 7A of the ITAA 1936 for the loan not to be treated as a deemed dividend and the requirements of the ATO's safe harbour provisions for the relevant income received by the fund not to be taxed as non-arm's length income," he said. While ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' ...

Super fund buys stake in retirement village

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
A $135 billion industry superannuation fund is to acquire a stake in Lendlease's retirement villages business. Aware Super will gain a 25% stake in Retirement Living, which comprises 75 retirement villages that are home to more than 16,000 residents ...

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
... from the 17-year high it recorded in March last year - which, in itself, suggests greater investor confidence (i.e., lesser safe-haven purchases) in the revival of global economic activity.

BNY to launch crypto admin platform

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
BNY Mellon will establish a new asset servicing unit that will cater to the growing demand for digital assets such as cryptocurrency. The digital assets unit, which will be led by Mike Demissie as head of advanced solutions, is currently developing ...