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Showing 901 - 910 of 7091 results for "June 30"

Former Octaviar director sees charges dropped

CHLOE WALKER  |  TUESDAY, 4 APR 2023
The Commonwealth Director of Public Prosecutions (CDPP) has withdrawn its fraud charges against former Octaviar Investment director David Mark Anderson, citing his ill health. Anderson had been facing 27 charges of fraud, including allegations that ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined ...

Financial Advice Association Australia officially launches

KARREN VERGARA  |  MONDAY, 3 APR 2023
The Financial Advice Association Australia (FAAA) today has officially launched, finalising the low-awaited merger between the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA). The FAAA unveiled a new ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations. APRA said this morning that it will investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements ...

Canadian pension fund buys Aussie spud farm

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
The Ontario Teachers' Pension Plan Board (OTPP) and its Australian agriculture subsidiary, AustOn Corporation acquired a majority interest in potato growing giant Mitolo Family Farms. With more than 50 years of operations, Mitolo Family Farms is the ...

Last chance to nominate: MAX Awards

STAFF WRITER  |  THURSDAY, 30 MAR 2023
Nominations for the annual Financial Standard MAX Awards close tomorrow. The MAX (Marketing, Advertising and Sales Excellence) Awards recognise leading individuals, teams and organisations in the Australian financial services industry who have achieved ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Following a series of successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 ...

Mergers, performance dim super satisfaction: Survey

KARREN VERGARA  |  FRIDAY, 24 MAR 2023
Members are frustrated with their superannuation funds' performance and the drastic pace of consolidation in the industry, a new survey reveals. Roy Morgan's quarterly gauge of member satisfaction found that super funds were graded a 66.6% rating, down ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
Regulators are prioritising a range of emerging areas of risk across the superannuation industry. Speaking on a panel at the Conference of Major Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner ...