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Showing 981 - 990 of 12181 results for "May"

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... funds used for gambling were sourced from investments made by investors in these businesses, raising concerns that these funds may have been misappropriated. Federal Court judge David Yates noted that there was evidence of numerous transfers of funds ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... deals. The corporate regulator initiated civil penalty proceedings against Rest in March 2021, claiming that from March 2015 to May 2018 the super fund made representations that discouraged, delayed, and or prevented more than 31,000 members when they ...

Megatrends impacting portfolio construction: Mercer

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
... talking about AI and other productivity guides, I would urge you to give a good degree of discourse in the sense that AI itself may not necessarily produce."

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... must be completed within a five-year grace period from the commencement of the regulations. Currently, reserve allocations may count towards members' concessional or non-concessional contributions caps, or be exempt, depending on the situation, but ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... 2026. Treasury said it is working on the draft legislation through the second half of this year and flagged some elements may be further refined following consultation, however it is being urged to prioritise legislating Payday Super as soon as possible. ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... could lose the incentive to transfer real business properties into SMSFs, making such strategies financially unviable. They may also find themselves with an even bigger tax bill with insufficient cash reserves to pay it." Despite growing concern, the ...

Remara launches real estate strategy

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... risk in capital access, planning decisions, migration and building supply chain costs of heavy development for groups that may have previously been direct developers. The fund aims to achieve 15% in returns annually and requires a minimum $25,000 investment. ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... earlier this year that it was open to a merger, TelstraSuper will now explore a 'merger of equals' with Equip Super. In May of this year, and after 30 years in operation, TelstraSuper announced it was on the hunt for a merger partner, saying ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... it's no longer financially sustainable to continue operating its funds. Wheelhouse Investment Partners was founded in May 2017 as a specialist income manager by Alastair MacLeod, Sam Jacob, and Andrew MacLeod. It was originally affiliated with Bennelong ...

Regal sets eyes on Platinum takeover

ELIZA BAVIN  |  TUESDAY, 17 SEP 2024
... several conditions. We assume Platinum remains a stand-alone entity, given the implied takeover premium is modest and Platinum may reject the offer." Platinum said the proposal from Regal would be subject to several conditions including the granting ...