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Showing 61 - 70 of 222 results for "Constitution"

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... asset value for withdrawals every quarter. It has deferred its April 15 withdrawal date to May 15. The fund's constitution allows it to widen payment times beyond the 12-month processing time. "It's not considered in the best interests of all ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
... other countries is not possible because the government's powers to control the population are restricted by the constitution, which was effectively imposed on Japan by the United States after World War II." And, according to The Guardian: "...stems ...

Last stand for grandfathered commissions falls over

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
The Association of Independently Owned Financial Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions. The AIOFP has confirmed the High Court challenge to fight the banning of grandfathered ...

Industry fund strengthens board

HARRISON WORLEY  |  MONDAY, 13 JAN 2020
... the fold in October, just prior to the fund's appointment of chief executive Phil Stockwell. The fund amended its constitution in June in an effort to increase the influence of independent voices on its board following an APRA probe into its governance. ...

New chair at Local Government Super

KANIKA SOOD  |  MONDAY, 28 OCT 2019
The $12 billion superannuation fund has appointed its first independent chair, after amending its constitution in June to add more independent candidates to its board. Local Government Super's new board chair is Kyle Loades who has worked with NRMA ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... is shut down grandfathered revenue. But, we don't believe they can shut down grandfathered revenue under the constitution unless it's under just terms -in other words, with compensation." Johnston accused ASIC of using intimidation tactics to ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... Germany's even deliberating on a "shadow budget" to get away from the stringent fiscal spending rules enshrined in its constitution. With interest rates near zero, at zero or even negative, central banks have or are running out of ammunition. This ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... Shorten announced at that time. In effect, he said that these commissions constituted property rights protected by the constitution and that the government could only abolish them by compensating planners on just terms," Ardino said. "The government ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... deutschmarks, just euros. Germany's fiscal spending is also limited. As per Wikipedia: "In 2009 Germany's constitution was amended to introduce the Schuldenbremse ("debt brake"), a balanced budget provision. This will apply to both the Federal ...