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Frydenberg amends Corporations Act
ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...
Billionaires club rakes in cash amid COVID-19 crisis
ALLY SELBY  |  FRIDAY, 24 APR 2020
Since the beginning of the year, America's wealthiest billionaires have seen their wealth increase by millions, with eight seeing their net worth surge by more than US$1 billion dollars. The latest research from the Institute for Policy Studies revealed ...
The week that was
JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... COVID-19 shutdown With close to or more than half of their members sitting in the millennial age range, the likes of Hostplus, Club Plus and Rest are likely to be some of those hit hardest by the ongoing COVID-19 pandemic with many, especially those ...
Industry funds face reality of COVID-19 shutdown
ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... impacted members. With close to or more than half of their members sitting in the millennial age range, the likes of Hostplus, Club Plus and Rest are likely to be some of those hit hardest by the ongoing COVID-19 pandemic with many, especially those ...
Lowe snaps back at critics
ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
RBA governor Philip Lowe has rejected concerns that the bank's decision to cut interest rates last year dented consumer confidence and impacted weak consumer growth. Speaking at the National Press Club, Lowe said that while he understands having rates ...
Aussie IPOs outperform benchmark
ALLY SELBY  |  FRIDAY, 24 JAN 2020
Despite a handful of infamous failed Aussie floats in 2019, the IPO market outperformed the benchmark ASX 200 Index by 16.8%. New research from equity raising platform OnMarket revealed that IPOs returned an average 35.2%, marking the fourth time in ...
What you read in 2019: Superannuation
JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
The past year has served as the beginning of the superannuation industry's transformation. Yes, recent years have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission ...
Pay jockeys super: Federal Court
ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
The Full Federal Court has ruled that horse racing clubs and state racing boards are required to pay superannuation for jockeys. The court upheld the Australian Tax Office's super guarantee charge assessments in regards to riding fees paid to jockeys ...
ASX 200 hits female director target
ALLY SELBY  |  THURSDAY, 19 DEC 2019
... actively encourage boards to look at diversity and inclusion as critical to improving the quality of decision making." The 30% Club Australia, a leading organisation that campaigns for gender diversity on boards, said there was still more to be done. ...
Industry fund general manager steps down
KANIKA SOOD  |  FRIDAY, 13 DEC 2019
A $53 billion superannuation fund's general manager for brand and acquisition has stepped away from her role. Anita Fox has been with HESTA for over four years in the role. Starting January, she will move to a part-time role working as a marketing strategist ...
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