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Showing 841 - 850 of 1832 results for "Bill 2014"

Invesco launches multi-asset targeted return fund

MARK SMITH  |  WEDNESDAY, 8 APR 2015
Invesco has launched its multi-asset Global Targeted Returns Strategy to the local market. The Fund, which opened on 27 February, targets a gross return of 5% over the Bloomberg AusBond Bank Bill Index (cash +5%) over a rolling, three-year period. Crucially ...

Industry bodies respond to Hockey's tax debate

ALEX BURKE  |  MONDAY, 30 MAR 2015
The Financial Services Council, Association of Superannuation Funds of Australia and Australian Institute of Superannuation Trustees have responded to some of the questions raised in Treasurer Joe Hockey's Tax Discussion Paper. FSC chief executive Sally ...

Labor backs ASIC data retention authority

ALEX BURKE  |  MONDAY, 23 MAR 2015
Shadow Attorney General Mark Dreyfus voiced his support for amendments to the Government's data retention bill which authorise the Australian Securities and Investments Commission (ASIC) to retain telecommunications data for the purposes of investigating ...

BNP becomes First Super custodian

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Industry fund First Super has appointed BNP Paribas Securities Services as custodian, replacing NAB Asset Servicing. The $2 billion fund chose BNP because of its "suite of reporting, risk management and analytics [which will] enable the trust to meet ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
The bill to remove the punitive tax rates on excess non-concessional contributions made to superannuation funds has passed through the Senate. Assistant Treasurer Josh Frydenberg has said the Tax and Superannuation Laws Amendment (2014 Measures No.7) ...

IFS opens unlisted infrastructure assets to retail investors

MARK SMITH  |  MONDAY, 23 FEB 2015
IFM Investors' unlisted Australian infrastructure fund can now be accessed by retail investors, via a vehicle managed by Industry Fund Services (IFS) The IFS Infrastructure Investment Model pools retail investors' funds and then invests them in the ...

Assistant Treasurer backs PM under fire

MARK SMITH  |  FRIDAY, 6 FEB 2015
Assistant Treasurer Josh Frydenberg has thrown his support behind Prime Minister Tony Abbott, who faces a leadership spill vote on Tuesday. In a doorstop interview with the nation's media, the Federal Member for Kooyong stood up to immense media pressure ...

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
Claims that US politicians are out of touch with ordinary Americans have led a group of conservative Republicans to sponsor a bill to end Congressional pensions and force politicians to save for their own retirement just like everyone else. The legislation ...

First Super appoints new director

ALEX BURKE  |  THURSDAY, 5 FEB 2015
Julie George has been appointed to the First Super board as an employer representative director. George replaces First Super founder Lindsay Morling and has 30 years' experience in the forest and timber industries First Super represents. She is also ...

Market wrap

AAP  |  MONDAY, 2 FEB 2015
The share market is firmer as a weakening Australian dollar and an uptick in oil prices helped the energy stocks and mining giant BHP Billiton. The local currency dropped to 77.26 US cents overnight, sinking closer to levels last seen in July 2009. ...