Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 881 - 890 of 3208 results for "Scheme"

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... money raised from other M Core noteholders. During court proceedings, ASIC suggested this model was not far from a Ponzi scheme. ASIC could not comment on this issue as its action against Mayfair is ongoing. Consumer Action Law Centre chief executive ...

Insider trading forum busted

ELIZABETH MCARTHUR  |  FRIDAY, 19 MAR 2021
... selling "insider tips" on listed companies. California man James Roland Jones was charged with perpetuating a fraudulent scheme to sell what he claimed were insider tips on the dark web. The SEC found that between 2016 and 2017, Jones accessed various ...

Funds SA appoints director of asset allocation

KANIKA SOOD  |  WEDNESDAY, 17 MAR 2021
The $37 billion public sector investment manager has appointed a director of asset allocation, hiring from Tcorp. Brendan Hallett will be responsible for leading the asset allocation team and will be deeply involved in developing investment strategy ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... voluntary superannuation contributions more than SG rates, to be used for home loan deposits under the First Home Super Saver Scheme (FHSSS) announced in 2017-18 budget. ASFA said as at September end, FHSSS release requests totalled $44.1 million across ...

Future Fund buys into renewables

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's sovereign wealth fund will acquire Tilt Renewables under a scheme of arrangement as part of a consortium. Under the acquisition deal, New Zealand energy company Mercury NZ will acquire the assets while Powering Australian Renewables (PowAR) ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... housing market needs is firing up stronger demand." Additionally, Turnbull said the Morrison government's early release scheme, to allow Australians to access up to $10,000 from their super if they had been impacted by COVID-19, was also the wrong ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... the hearing, ASIC repeated its accusation that elements of Mayfair 101's business model were not dissimilar to a Ponzi scheme. The regulator alleged that funds raised from investors in Australian Property Bonds, the last product Mayfair launched, were ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... the government's early release of super program. More than half a million women accessed their super early as part of the scheme. Industry super fund Rest, which has the most female members of any super fund in the country, found that for those who made ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Mainstream has announced it entered a scheme of implementation deed with Vistra to acquire 100% of the company for an implied value of $170 million. The offer of $1.20 per share represents a 300% increase over Mainstream's share price at IPO in October ...