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

Search Results

Showing 81 - 90 of 2589 results for "Friday"

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
... VWAP for Centuria, this is an offer price of NZD$1.00 per Augusta share, a 46% premium to the closing price of NZD$0.69 on Friday, June 12. Prior to the COVID-19 crash in mid-February, Augusta was trading at ~NZD$1.90 per share, however the manager maintained ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... AgriAdvantage Plus Package, with the Federal Court of Australia ordering the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations Act between May 2005 and December 2015 for failures ...

Arena REIT completes oversubscribed capital raise

ALLY SELBY  |  THURSDAY, 4 JUN 2020
... 26.3 million new securities will be issued to participating institutional investors. The placement is set to settle this Friday, with trading commencing on June 9. Arena also is partaking in a security purchase plan for retail investors in Australia ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... may seek litigation funding or other funding options possible," Wexted said in the latest report to creditors sent last Friday. Sargon Capital, which was the ultimate holding company to a number of subsidiaries, owes $162 million to 23 creditors, according ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... from not-for-profit funds, while the remaining 28% from retail funds. Prime Minister Scott Morrison told parliament on Friday last week the most recent ERS figures were significantly higher than APRA's data, which is a week behind. "The superannuation ...

Westpac admits to failures

ELIZABETH MCARTHUR  |  MONDAY, 18 MAY 2020
On Friday, Westpac filed its defence in the Federal Court in relation to proceedings brought by AUSTRAC regarding alleged breaches of anti-money laundering and counter terrorism financing laws. "Westpac accepts the gravity of the issues raised by the ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... funds were slightly more subdued, they were still significant. Colonial First State had paid out $473 million to members by Friday,May 7. CFS general manager product, marketing and remediation Kelly Power said those figures are in line with CFS' expectations. ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... systems and to assist an Australian Federal Police investigation into instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed. Updating its stats, Rest ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... Sunsuper, as the default super fund for Virgin Australia, has paid out at least $784 million to 108,000 members as at last Friday. "With 1.4 million members and a relatively young and diverse membership base employed right across the economy, we anticipated ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... Australians safe. "National Cabinet agreed to bring forward the review of the first phase of removing baseline restrictions on Friday 8 May 2020, including an assessment of achievement against precedent conditions," Morrison said. The IMF had previously ...