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'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... said there was no evidence found to suggest that the size of funds influenced their level of oversight. "If we had found anything, we would have called it out because we like to promote better practice. What we did identify was the intersection with ...

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... each of our first two budgets, we benefited from more than $100 billion in revenue upgrades. This year, we won't see anything like that," Chalmers said. "In fact, we are even looking at much less than the $69 billion we booked in the latest mid-year ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... which is "far too high" to be consistent with the RBA's 2-3% inflation target, he added. The RBA hasn't ruled anything in or out, and its tightening bias has not been removed. The board "can't rule out either [rate hikes or cuts]." As such ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... requirements to perform thorough verifications prior to disbursing payments. "... we're acutely aware that, in these cases, anything less than a quick and easy process could lead to further distress for members at an already deeply traumatic time," ...

Twynam Group targets US$50m for new fund

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... purely to invest in decarbonisation technology, so early-stage deep tech technology, from Pre-Seed to Series B - so, anything which we think can have a large-scale impact in decreasing in carbon emissions or have the ability to sequester carbon emissions," ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... Taxation Office's (ATO) focus on disqualifying people and illegal early release. "I'm hoping we don't see anything too draconian, but it will be entirely reasonable if that really is on the rise and if it is becoming a big problem. The ATO's ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... works, how and through what structures these assets are held, and how valuations actually occur, by whom and how often, anything APRA could do in their deep dive to educate the broad market about these dimensions would be very useful." Elsewhere, APRA ...

Vale Lang Walker

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... philanthropy." "Lang loved creating incredible places where people can live and work, but he loved his family more than anything else in the world and his generosity and affection had no boundaries," the family said. "His zest for life and his relentless ...

HSBC launches local venture debt offering

CASSANDRA BALDINI  |  MONDAY, 27 NOV 2023
... have the opportunity to access HSBC's new debt product as it looks to focus on the technology sector. This includes anything from software-as-a-service companies to climate tech. HSBC tech sector lead for Australia and New Zealand Alan Watters told ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... terms of demographics. "We're able to design a default product in retirement, that if people don't want to do anything else and want to self-serve, they can be quite confident using a product like this, which will help them manage their cash ...
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