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Showing 891 - 900 of 7840 results for "Open"

PIMCO dumps LIT launch

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
After announcing it would launch this month, PIMCO has canned its long-awaited Global Income Opportunities Trust, citing inadequate demand. The LIT was first announced in November 2019 and planned for a March 2020 launch, however, was delayed due to ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
Westpac has informed employees they are now free to discuss their salaries with one another, saying it will no longer enforce confidentiality clauses in contracts. Making the announcement yesterday, Westpac said its decision actually dates back to December ...

Budget targets home ownership rates

TOM WATSON  |  TUESDAY, 29 MAR 2022
The federal government has announced an expansion of support measures for prospective home buyers by floating a new Regional Home Guarantee and boosting the number of places available under several existing schemes. Under the new Regional Home Guarantee ...

Budget to back aspiring homeowners

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... Under the renewed commitment to the scheme, the government will make up to 50,000 places in the scheme available per year and open up the scheme in regional areas to those who are not purchasing their first property. The renewed scheme will include ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... see draft legislation to fix the 'Backpacker Tax' and announce new arrangements for working holiday makers, now borders are open. CA ANZ also suggests an increase in rental assistance for older Australians. "Our members work closely with people from ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
APRA has suspended its work on individual disability income insurance, which was causing huge losses to insurance companies, expressing disappointment in the industry's response. The regulator first announced it was intervening on IDII products in 2019 ...

Digital economy regulation consultation opens

CHLOE WALKER  |  MONDAY, 21 MAR 2022
The Morrison government is seeking public feedback on regulatory frameworks for automated decision making (ADM) and artificial intelligence (AI). Minister for superannuation, financial services and the digital economy Jane Hume said it's estimated that ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
ASIC is seeking feedback on licensing rules for the Corporate Collective Investment Vehicles regime ahead of its July implementation date. The consultation includes examining the licensing application process - AFSLs wanting to apply and operate a CCIV ...

PIMCO preps long-awaited LIT launch

JAMIE WILLIAMSON  |  WEDNESDAY, 16 MAR 2022
In what will be more than two years after its launch was initially flagged, PIMCO's first local listed investment trust will begin trading on the ASX next month. Plans for the LIT were first announced in November 2019, with the fixed income giant anticipating ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
Law firm Dovel & Luner filed a class action lawsuit against Vanguard trustees and on behalf of investors in Vanguard's Target Retirement Funds, based in the US. The suit alleges that Vanguard's mismanagement of these funds led to "enormous tax bills ...