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| | | 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 ... |
| | | | Diversa Trustees deflected responsibility at a parliamentary inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent ... |
| | | | Treasury has released draft legislation on the minimum tax it is set to impose on discretionary trusts from 1 July 2028. A 30% minimum tax on certain discretionary trusts will apply and be payable by the trustee. Treasury is seeking feedback on several ... |
| | | | Treasury has unveiled a new Financial Innovation Strategy that will also establish a Financial Innovation Committee to support a coordinated whole-of-government approach to financial innovation. Announced by minister for financial services Daniel Mulino ... |
| | | | ASIC and APRA have begun consultation on proposed changes to the Financial Accountability Regime (FAR), with the regulators estimating the reforms could reduce reporting requirements for all accountable entities and about 4500 accountable people. The ... |
| | | | Global X is reducing the management fee on the Global X Gold Bullion ETF (GXLD) from 0.15% to 0.14% per annum, effective September 1. This comes after VanEck cut management fees on its gold ETF last week, also to 0.14% per annum. Global X said the move ... |
| | | | The inaugural chair of the Super Members Council (SMC) Ann Sherry has taken on another chair position at a government agency organisation, effective today. Sherry has joined the board of Housing Australia as chair, the government announced. In this ... |
| | | | Financial Advice Association Australia (FAAA) said it will advocate strongly to expand the scope of the New Class of Advisers' to all financial advisers, which will currently be limited to only superannuation funds and life insurers. The reforms will ... |
| | | | Australia is in the grips of an unprecedented mental health crisis. It joins a league of other, what anthropologist Joseph Henrich coins as "Western, Educated, Industrialised, Rich and Democratic" or "WEIRD" countries, grappling with the perfect storm ... |
| | | | The industry stalwart is closing the curtains on a stellar career in the financial services industry at the conclusion of the upcoming FAAA Congress in Melbourne. FAAA general manager, policy, advocacy and standards Phil Anderson will retire on November ... |
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