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Showing 1 - 10 of 456 results for "Deem"

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

NZ Super 'accepts' court loss, updates policy

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
The Guardians of New Zealand Superannuation (Guardians), the manager of the $90 billion New Zealand Superannuation Fund, has confirmed it will not appeal a recent Judicial Review which found two of its policy documents were not formulated in accordance ...

Product showcase: A guaranteed future

THE FINANCIAL STANDARD TEAM  |  MONDAY, 11 MAY 2026
The biggest risk to retirement may not be markets, but strategies that haven't kept pace with today's needs. For financial advisers who want to stay at the leading edge, Allianz Retire+ offers a compelling solution. Retirement income products ...

NZ Super Fund in court defeat over human rights issues

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
New Zealand's High Court has ruled against the nation's super fund, finding some of its policies are "unreasonable and unlawful" in regards to how it treats companies accused of human rights breaches. The Palestine Solidarity Network Aotearoa (PSNA) ...

Magellan, WAM suffer due to Iran conflict

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2026
Monthly updates from both Wilson Asset Management's WAM Leaders Fund and Magellan reveal the impact of market volatility due to the ongoing crisis in the Middle East. The WAM Leaders investment portfolio decreased during the month, while Magellan ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... Interprac entered a Deed of Cross Guarantee under which each of the entities guarantees the debts of the other. If the receivers deem the sale to be legitimate, then all other signatories to the deed are released from their obligations. When Sequoia ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ...

ASIC launches beneficial ownership transparency review

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
ASIC is seeking feedback on how it can strengthen transparency around who ultimately owns and controls listed entities, proposing several amendments it hopes will better corporate transparency, market efficiency and oversight. ASIC said its set of proposals ...

A comfortable retirement now costs more than ever

RIDDHIMA TALWANI  |  TUESDAY, 24 FEB 2026
The cost of comfortable retirement for homeowners at age 67 has reached a record high, according to ASFA's latest quarterly Retirement Standard. A comfortable retirement super balance is now $630,000 for singles, up from $595,000. Couples would ...

Trump hit by Supreme Court's 'body blow', strikes back with 15% global tariff

RIDDHIMA TALWANI  |  MONDAY, 23 FEB 2026
US President Donald Trump has raised the blanket universal tariff on US imports from 10% to 15% after the US Supreme Court struck down his Liberation Day policies, deeming them unlawful. The response by the President came within a day of him announcing ...
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