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Showing 871 - 880 of 2575 results for "Treasury"

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... unpaid super, according to Industry Super Australia. That was the main point in the body's submission to Schedule 7 of the Treasury Laws Amendment Bill 2019 consultation. The bill seeks to close a loophole allowing employers to count a worker's salary ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... Cleveland's article on the yield curve back in March 2007 stated: "The spread is currently negative: With the 10-year Treasury note rate at 4.78%, and the three-month Treasury bill rate at 5.07% (both for the week ending March 16), the spread stands ...

Association policy lead to join Treasury

ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
The head of policy at a major industry association has taken a new role with Federal Treasury. Jordan George has been the head of policy at the SMSF Association for seven and a half years. The SMSFA confirmed to Financial Standard that George will step ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
The Tasmanian Treasury will soon start the search for an insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... the US yield curve, presaging a US recession in 12-18 months' time. The yield differential between the US 10-year Treasury bond had been negative since May this year. The current yield differential of minus 33 basis points compares with the positive ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
Trump's latest tat (branding Beijing a currency manipulator) for China's tit (allowing the yuan to fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... 1.2%; the Nasdaq composite index lost 1.2%; and Russell 2000 index closed 0.7% lower. Bond yields dropped. Ten-year US Treasury bond yields fell from 2.06% to 2.02% - they were 2.66% at the start of 2019 and reached a high of 2.78% in January. They've ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... likely bring actions under the UCT in relation to contracts covered by the regime, the explanatory memorandum reads. Treasury is taking submissions until August 28.

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... Superannuation Industry (Supervision) Act 1993 was recently amended to facilitate the provision. The new law is also part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed ...