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

Search Results

Showing 81 - 90 of 100+ results for "Treasury"

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... Blackburn. Maurice Blackburn principal lawyer Josh Mennen raised concerns about the design of the CSLR in a submission to Treasury, noting that a significant number of consumers could be ineligible for compensation under the scheme. The CSLR as it is ...

Super fund reporting, auditing reform consultation opens

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... superannuation funds, with the government looking to implement a framework that is commensurate with the size of the sector. The Treasury Laws Amendment (Financial Reporting and Auditing Requirements for Registrable Superannuation Entities) Bill 2021 ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... expected to join NAB. NAB said it expects the transaction to complete by March 2022, and that it needs approval from the Treasury, APRA and ACCC. Citigroup will continue to operate the consumer banking business until then.

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
Treasury has selected two MSCI indexes to serve as benchmarks for super funds investing in property under the Your Future, Your Super reforms. The MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index and MSCI Australia Quarterly Private ...

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... encouraged to consider these practices and take steps to improve their meeting arrangements as appropriate," ASIC said. Since Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019 took effect ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... doing things, the fee charged would have been between $2100 and $4000. "Separately we have worked closely with ASIC, Treasury, our members and consumer advocates to address issues associated with the small number of paid representatives who are causing ...

Three join embattled AMP Capital fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 JUL 2021
... investments and operations director for the last two years. She started her career as a graduate at the Victorian Department of Treasury and Finance. Van Leuven, who is based in New Zealand, was previously the deputy chief executive for the Ministry ...

FIRB updates guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
Treasury and the Foreign Investment Review Board (FIRB) have released new guidance that will impact all foreign private capital investments in Australia. The guidance is mainly in respect to exemption certificates. It confirms that the exemption certificate ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... recommended extending BEAR to include APRA-regulated entities including superannuation funds and insurers, following which the Treasury conducted a consultation in January 2020. After a year of quiet, Treasury on Friday released the draft legislation ...

Crypto fund hires from Blue Sky

ELIZABETH MCARTHUR  |  FRIDAY, 16 JUL 2021
... retail interest in digital assets supported by a rising trend of North American companies implementing digital asset treasury strategies," he said. "Bitcoin held in corporate treasuries over the circulating supply has reached an all-time high at 8.7% ...