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Showing 641 - 650 of 2296 results for "Framework"

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... tax-effective avenue for families to save for their children's education. The education bond operates under a "scholarship plan" framework, allowing bond administrators to benefit from tax deductions. These deductions are then available to investors ...

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
Magellan Financial Group has again overhauled its executive ranks and board, in a move that will see it revert to an old model affecting the roles of chief executive and chief investment officer. Effective today, the group's chief executive and chief ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... 2021/784 instrument is operating effectively and efficiently and continues to form a necessary part of the legislative framework. Nevertheless, ASIC's proposed modifications to the instrument include its extension to October 2028 and the removal ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... said. "Progress on deployment depends on the timing of settlement on investment opportunities that align with our risk framework and appetite." In May, Qualitas announced a $1 billion CRE private credit mandate with $220 million activated commitment. ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... 1994, focuses on RSE licensees, particularly those offering a blend of MySuper and lifecycle products. The crux of the framework revolves around adjusting the actual return formula and benchmark return formula. This translates to nuanced recalibrations ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Tax agents found evading laws could face over $780 million in penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations, asking if the regulatory framework that managed investment schemes operate in is protecting investors from unnecessary financial risk. Managed investment ...

Cbus appoints new head of portfolio strategies

ANDREW MCKEAN  |  FRIDAY, 4 AUG 2023
Cbus has created a head of portfolio strategies role, bringing on board the former lead of investment model design at AustralianSuper. Leigh Gavin was appointed as the head of portfolio management, a role conceived to drive the superannuation fund's ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
APRA will force superannuation funds to provide more details into how they pay executives, particularly wanting deeper insight into how variable remuneration is rewarded. The prudential regulator has updated Prudential Standard CPS 511 Remuneration ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... last-minute resolutions have eroded confidence in fiscal management. In addition, the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process," Fitch said. "These factors, along with several economic shocks ...