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Showing 81 - 90 of 91 results for "Loophole"

Industry cheers red tape cuts

... regulations are drafted carefully. Experience shows that unscrupulous financial planners will drive a bus through any loophole." Michelle Baltazar

Quadrant leads super funds investors to buy Red Rooster

CHRIS NICHOLLS  |  TUESDAY, 17 APR 2007
Quadrant Private Equity has led its super fund investors to buy Australian Fast Foods (AFF), owner of the Red Rooster and Chicken Treat brands, for $180 million. The management buy-out, funded largely by domestic super funds, seeks to improve both Quadrant's ...

Funds address $750m in errors: Deloitte

A comprehensive Deloitte report on unit pricing to be published later this month has found that three out of four investment firms managing unit pricing data have reviewed their policy in response to the regulator's Best Practice Guide released in late ...

Member investment arbitraging hits GESB: reports

ALEX DUNNIN, MICHELLE BALTAZAR  |  THURSDAY, 16 NOV 2006
Poor fund design will cost superannuation funds millions of dollars unless they start to upgrade their outdated or inadequate investment reporting systems. The latest fund to be impacted is the $6.3 billion GESB public sector super fund in WA, according ...

Govt moves on bankruptcy super shield

... previously proposed line of attack towards bankrupt individuals who try to dodge their creditors by exploiting a super loophole, instead adopting a more common sense approach to the long-running problem. Late last month the government announced legislative ...

All is fair in love and bankruptcy

... contradiction," he added. On the upside, the new rules mean that bankrupt individuals can no longer exploit the legislative loophole whereby transferring their property ownership to their partner can protect that asset from future creditors. However ...

Call for personal tax cuts to plug company tax loophole

KATE HAGE  |  TUESDAY, 18 APR 2006
A push to cut top income tax rates was flagged this week as the Board of Taxation chairman, Dick Warburton, said such a reduction would stop people channelling personal income into company coffers. Warburton recently co-authored a report comparing Australia's ...

NAB report reveals critical weaknesses

WITH AAP  |  FRIDAY, 12 MAR 2004
A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks. Following the release of the PriceWaterhouseCoopers (PWC) report, NAB announced ...

Productivity Commission to crack down on homeowners' scheme loopholes

... year. But the scheme has been criticised for subsidising million-dollar homes bought by high-income earners, as well as a loophole - since closed - that allowed parents to buy homes in their children's names. "In the commission's view, if the scheme ...

FSR Amendment Bill 2003 will enhance disclosure: ALP

... that the Government's "reasonably practicable" test set the threshold for disclosure too low and would have created a loophole for product issuers and other participants in the financial services industry to avoid disclosing in dollar terms." He said ...