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Merchandise imports rise to $11.84 billion: ABS

AAP  |  TUESDAY, 18 NOV 2003
Merchandise imports rose three per cent in October to $11.84 billion as the higher Aussie dollar pushed down the price of imported goods. The Australian Bureau of Statistics (ABS) said imports rose $350 million in the month. Imports of food and live ...

New FPA chief begins her term

... executive Kerrie Kelly began her term yesterday, replacing acting chief executive June Smith. Ms Smith has been the steward of the top job since 3 October, when former head Ken Breakspear announced his intention to depart the industry body, and pursue ...

Fiducian opens its top performers to all investors

In a major change in its marketing tradition, Fiducian Portfolio Services Ltd has announced it has decided to open up its portfolio of exclusive Fiducian funds to other wrap providers. Until now investors could only access Fiducian's special manage-the-manager ...

Perpetual heads Australian equity rankings in September quarter: FSIU

... Each of the three letters in the rating represents the score for a specific performance metric. An A rating is assigned to top quartile funds, all the way down to D for those in the bottom quartile. The three different performance criteria relate to ...

RBA takes aim at property tax breaks

AAP  |  MONDAY, 17 NOV 2003
... number of people wanting to reduce their tax was relatively high in Australia given the large proportion of people paying the top tax rate. "The Australian arrangements, in conjunction with the relatively high marginal tax rates.... mean that investors ...

Westfield chairman intends to remain in top spot

Westfield Holdings Ltd executive chairman Frank Lowy said he had no intention of standing down from the top job and that he still had all of his "marbles". The comments came after the 73-year-old defended his hefty $13.39 million salary package at the ...

RBA gov says could be generational conflict over tax burden

AAP  |  FRIDAY, 14 NOV 2003
... the generations in Australia where the young may come to resent carrying the tax burden of a greying population, Australia's top banker warned today. Reserve Bank of Australia governor Ian Macfarlane said this could be the case if the young see the old ...

Platforms continue strong growth in third quarter: Assirt

... increasingly grabbing the lion's share of new money, according to preliminary data released by research house Assirt. Among the top ten providers of master trust and wrap platforms, by contrast, the AMP recorded the smallest net inflow of new funds ...

Surveys show growth funds up again in October

... last month, bringing the return over the past 12 months to 5.9%. According to Mercer, the Russell PST growth fund was the top performer in the month, with a return of 2.6%. It was also ranked number two for performance over the year, with a return of ...

Challenger, CPH to pay each other $100m under proposal

AAP  |  MONDAY, 10 NOV 2003
... Cuffe came into controversy earlier this year when it was revealed he pocketed nearly $33 million in his final months as the top fund manager of Commonwealth Bank of Australia. "There is an overwhelming logic behind plans to corporatise Challenger," ...