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Showing 1 - 10 of 148 results for %22ADI%22

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... make Heartland Bank the first New Zealand registered bank to acquire an Australian Authorised Deposit-taking Institution (ADI)," Heartland said. "Once Heartland Australia becomes part of Heartland Bank Australia, it will be the only specialist bank provider ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
APRA and ASIC have released more information about the Financial Accountability Regime (FAR) in preparation for the March 15 launch date. The regulators unveiled several key materials for the financial services sector, which were under consultation ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... said. Also in May 2023, Hejaz Financial Services took a $10 million stake in the bank. It had originally been pursuing its own ADI.

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
An unnamed institutional investor has injected an additional $530 million into a Qualitas strategy, bringing it closer to its total $1 billion commitment. Qualitas' Private Income Credit Fund (QPICF) now has $750 million in total. Qualitas said that ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
The listed real estate manager has secured a second commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund will now invest a total of $1.4 billion in the Qualitas Diversified Credit Investments ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... that prescribe information for inclusion in the FAR register of accountable persons, including supporting detail about the ADI key function descriptions, as well as proposed transitional rules that prescribe information to be provided by banking entities ...

Challenger settles real estate unit divestment

KARREN VERGARA  |  MONDAY, 10 JUL 2023
Challenger has settled the sale of its real estate business to Elanor Investors Group for the final price of $38 million. The total consideration, which represents 24.8 million shares issued in ASX-listed Elanor (ENN), is before-tax and transaction ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
Challenger's majority stake in Elanor Investors Group continues to drop as another investor has come in to secure a minority stake. Challenger will now have a 13.7% interest in ASX-listed Elanor (ENN), down from 16.7% as revised in May. This dropped ...
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