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Showing 1 - 10 of 18972 results for "ACT"

MAM acquires half of Aware Super's Victorian land registry stake

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
Macquarie Asset Management (MAM) has acquired Aware Super's 50% stake in Secure Electronic Registries Victoria (SERV), the private operator of Victoria's register of land. The superannuation fund will continue to retain and manage the remaining ...

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
... of retirement funds that was put at risk. ASIC has since commenced legal proceedings against InterPrac over its failures to act in clients' best interests for recommending those products. ASIC found that Crole "was aware" of serious concerns regarding ...

Labor moves to kill non-compete clauses in productivity push

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... a contract that prohibit post-employment restraint of trade. The government is also amending its Competition and Consumer Act to prohibit businesses from making and giving effect to no-poach agreements and wage-fixing agreements. This forms part of its ...

Active equity managers lag benchmarks: SPIVA

VINNY VUCAGO  |  TUESDAY, 8 SEP 2026
Most active equity managers in Australia underperformed their benchmarks in the first half of 2026, despite market conditions that appeared supportive of stock picking, according to S&P Dow Jones Indices' latest SPIVA Australia Scorecard. The S&P DJI ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
Diversa Trustees' board paid chief executive Andrew Peterson a bonus of $770,000 and increased his salary at the height of the First Guardian collapse, an inquiry heard, doubling down on its confidence in his leadership and suitability to lead the ...

CareSuper earns place among pension fund giants, ART breaks into top 20

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
Australian Retirement Trust (ART) has cracked the top 20 ranking of the world's largest pension funds, while CareSuper has debuted on WTW's annual Global Top 300 Pension Funds report. This year's Thinking Ahead Institute and Pensions & Investments ...

Norges Bank slashes exposure to US government bonds

MATTHEW WAI  |  MONDAY, 7 SEP 2026
Norges Bank Investment Management (NBIM), the investment manager of Norway's sovereign wealth fund, the Government Pension Fund Global, has proposed a major restructuring of the fund's exposure on US government bonds. "We consider that the three ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... she said. Plant said, "no one can predict fraud in advance" and that they are "not clairvoyants". "That's why the SIS Act has a specific provision to say that in cases of fraud, there is protection for members, and that's what we're applying ...

Perennial to close three responsible investment funds

VINNY VUCAGO  |  MONDAY, 7 SEP 2026
Perennial Partners will shutter three responsible investment funds that manage $140 million in combined assets, as they fall short of reaching scale and achieving their investment objectives. The Perennial Better Future Trust, Perennial Better Future ...

MSC Group awarded mandates for natural resources strategy

MATTHEW WAI  |  MONDAY, 7 SEP 2026
MSC Group will provide administration capability and trusteeship for a natural resources strategy focusing on the energy sector and select commodities. MSC Trustees will provide trusteeship, while MSC Abacus will provide fund administration and registry ...
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