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Showing 681 - 690 of 4410 results for "Ele"

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
Greenhushing - in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech, Longo provided additional context to the market regulator's focus on ESG ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
The Consumer Price Index (CPI) has jumped from 6.3% to 6.8%, adding to theories Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
Reflecting on the board's decision to increase the cash rate by 25 basis points to 3.85% last month, Reserve Bank of Australia (RBA) governor Philip Lowe says so far, the strategy is working. Lowe told the Senate economics committee this morning that ...

Allianz Retire+ strengthens distribution team

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
Allianz Retire+ bolstered its wealth management operations, with two state managers joining the distribution team in recent times. Stephen Armstrong joined this month in the newly created role of state manager for Western Australia (WA) and South Australia ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ...

Sony to list financial services business

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
Sony is set to partially spin-off its financial services arm, a diversified unit operating in life insurance, banking and venture capital. Sony Financial Group Inc (SFGI), which operates in life and non-life insurance, banking, nursing care and venture ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

BlackRock orders staff four days in office

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The global fund manager is mandating all employees to return to the office for four days from September this year. BlackRock Australia confirmed reports that the new policy affects all 19,000 staff members living in more than 30 countries. BlackRock ...