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Showing 941 - 950 of 3463 results for "Stake"

Aware increases stake in Lendlease retirement trust

CHLOE WALKER  |  FRIDAY, 1 APR 2022
Aware Super has agreed to buy an additional 24.9% of the Lendlease Retirement Living Trust for $490 million. The industry fund acquired an initial 25% interest in the entity a year ago for $460 million. Upon completion, Aware Super will hold a 49.9% ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
ASIC has extended the relief for superannuation trustees who give their members retirement estimates as part of their periodic statements. The existing relief has been extended for a period of nine months, which the regulator said will allow superannuation ...

Dexus inches closer to Atlassian HQ

CHLOE WALKER  |  MONDAY, 28 MAR 2022
Dexus expects to own 60-65% of the tower that will house Atlassian's Sydney headquarters upon completion. The Australian developer and real estate group has conditionally exchanged binding transaction documents with Atlassian to fund, develop and ...

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 ...

TCorp appoints financial markets lead

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
TCorp has added to its executive leadership team with the appointment of a general manager, financial markets. Rob Kenna takes on the role, promoted from head of funding and balance sheet. In the general manager position, Kenna will oversee the financial ...

New hire salaries skyrocket: Recruiter

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
About 77% of Australian employers intend to increase starting salaries for new hires by 10% - but financial services institutions are offering up to 30% more to get candidates over the line. Latest insights from Robert Half show larger organisations ...

Janus Henderson appoints new chief executive

CHLOE WALKER  |  THURSDAY, 24 MAR 2022
Joining from AllianceBernstein, Ali Dibadj has been named as Janus Henderson's new chief executive, succeeding Dick Weil. Weil is set to retire as chief executive and member of the board at the end of the month. Dibadj is expected to take over as chief ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
The industry has welcomed news that the government will consult on the appropriate operation of non-arm's length income and expense provisions. Announced yesterday, minister for superannuation Jane Hume said the government intends to reform the provisions ...

Regulators fret over hobby traders

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
Globally, securities regulators are concerned about the boom in retail trading markets and are joining forces to address the issue. The International Organization of Securities Commissions (IOSCO) has published a consultation paper on retail market ...

EG's latest Brisbane buy boosts portfolio to $1bn

CHLOE WALKER  |  WEDNESDAY, 23 MAR 2022
EG's A ustralian Core Enhanced portfolio (ACE) has surpassed $1 billion after the recent acquisition of a 50% stake in Grand Plaza Shopping Centre, Browns Plains, Queensland. Located at 27-49 Browns Plains Road, 22 kilometres south of the Brisbane CBD ...