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Showing 81 - 90 of 860 results for %22Australian Competition%22

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
The ACCC will not oppose the acquisition of Citigroup's Australian consumer business (Citi) by NAB after a review found the transaction would not substantially lessen competition. The review focused on competition in the supply of credit cards, as Citi ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... obtaining financial benefit by deception and 13 counts of reckless dealing with proceeds of crime. The Australian Competition and Consumer Commission found that Australians have lost over $70 million to investment scams in the first half of 2021. This ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... on endless intermediation," Bragg said. "The committee has recommended a comprehensive crypto framework to deliver Australian leadership. We'll be competitive with Singapore, the UK and the US." BTC Markets chief executive Caroline Bowler said the report ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... as the cheapest not-for-profit funds. Four of the 10 cheapest MySuper products are retail," Dunnin said. The average Australian now pays about $2200 in super fees per annum, which is a slight increase in dollar terms. However, the average account balance ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... increased ticket prices between 2001 and 2014, BlackRock said the theory of common ownership leading to decreased competition "is based on fundamental misconceptions about the role of fund managers as shareholders on behalf of diverse clients with diverse ...

Hostplus grilled on common ownership, collusion

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... asset, but it's not being revealed [and] who the investor is," Wilson said. After discussions with the Australian Competition and Consumer Commission at a separate hearing recently, Wilson said many issues were raised such as "the veil of corporate ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... Monday, with the government saying it will "grill super funds on collusion". "Super funds control vast assets within Australian listed equities and unlisted assets, often across competing entities. The committee wants to discover whether such concentration ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... recent paper on the topic. Bragg referred to the current super industry as a "closed cartel" with high fees and low competition. He proposed the Future Fund become the default option for workers, while others looked at the fund's historic returns and ...

Should super funds consider crypto assets?

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... the AIST ASI Conference has heard. This is according to Genesis Block managing director Chloe White, who spoke at an Australian Institute of Superannuation Trustees 2021 Conference panel at the event. White said super funds should think about crypto ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... inconsistent with the recently announced House of Representatives inquiry into concentration and common ownership in the Australian share market and would exacerbate the very issues which are the apparent cause of concern for this Inquiry," ASFA chief ...