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Showing 51 - 60 of 662 results for "expenditure"

Ares buys GCP International in $5.5bn deal

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... "Similarly, data center demand from both hyperscale and enterprise customers continues to accelerate with capital expenditure expected to materially exceed $1.48 trillion over the next three years, buoyed by global secular trends driven by the increase ...

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN  |  MONDAY, 30 SEP 2024
Making changes to negative gearing could be worth at least $2 billion a year in revenue, while reducing the capital gains tax discount could be worth around $5 billion a year, according to new research from the Grattan Institute. This comes as Treasurer ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
The Federal Reserve elected to cut interest rates by 50 basis points overnight, its first reduction in four years. The US central bank decided to lower the target range for the federal funds rate by half a percentage point to 4.75-5%, surprising many ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... an independent third party to conduct a review of the trustees' fitness and propriety framework for directors and expenditure decisions which pertain to the CFMEU. Taylor argued that the regulator was seeking to use licence conditions to force a review ...

VanEck to launch defence ETF

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
... provider cited data from the Stockholm International Peace Research Institute (Sipri) which showed that global military expenditure grew 7% in 2023 to US$2.43 trillion - the steepest annual rise since 2009. VanEck said the increase in military expenditure ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... Proper, as well as their adherence to the duty to act in the best financial interests of beneficiaries when making expenditure decisions. BUSSQ responded at the time saying that itself and super funds in general are subject to comprehensive and robust ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... said. Last week, APRA imposed additional licence conditions on Cbus, mandating that an independent expert review their expenditure practices to assess whether they've acted in the best interests of members. Cbus chief executive Kristian Fok said ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... manage the retirement savings of nearly one million Australians, will also have independent expert scrutinise their expenditure practices, assessing whether they've consistently acted in the best financial interests of members. The spotlight on fitness ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... strategic planning and member outcomes, placing a clearer focus on superannuation members' interests when it comes to fund expenditure. The regulator updated Prudential Standard SPS 515 Strategic Planning and Member Outcomes and its related guidance ...

ASX advances CHESS replacement project

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... between 6% and 9%. Excluding depreciation and amortisation, this range is expected to be between 4% and 7%. Capital expenditure for FY24 is forecasted to be around $135 million, which aligns with previous guidance. For FY25, technology capital expenditure ...