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Financial Planning

Government announces tax changes for overseas super

Significant changes to the taxation of superannuation transfers into Australia spell good news for individuals and superannuation funds, the Minister for Revenue and Assistant Treasurer Senator Helen Coonan announced today.

ACCC initiates legal proceedings against get-rich-quick seminar

AAP  |  WEDNESDAY, 1 OCT 2003
The competition watchdog said today it had started legal proceedings against get-rich-quick seminar leader Henry Kaye and the National Investment Institute Ltd (NII).

Fosters announces broader capital management

AAP  |  WEDNESDAY, 1 OCT 2003
Global beverages firm Foster's Group Ltd said today it would provide details on its broader capital management intentions after determining the net proceeds of the spin-off its Australian Hospitality (ALH) and Leisure pubs and gaming business.

Transfield, Colonial set up new property joint venture

AAP  |  WEDNESDAY, 1 OCT 2003
Transfield Services Ltd and Colonial First State Property today revealed they had set up a joint venture to provide integrated end-to-end property and facilities management services.

Indices show property losing its allure

Property is an increasingly unattractive asset class among investors, according to the latest Financial Standard Property Inidices (FSPI), released today.

Macquarie Funds research reveals dynamic hedging outperformance

Dynamic currency hedging strategies have outperformed static currency hedging strategies since the float of the Australian dollar 19 years ago, according to research released today by Macquarie Funds Management.

S&P assigns preliminary ratings to Interstellar RMBS program

International ratings agency Standard & Poor's today assigned its preliminary ratings to the fifth issue this year under the Interstar Millennium residential mortgage backed securities (RMBS) program.

Foster's reports $239 million in bonds to be converted into shares

Global beverages firm Foster's Group Ltd said today that it had so far received notice that $US162 ($A239) million in exchangeable bonds on issue would be converted to 56.82 million ordinary Foster's Group shares.

FSIU releases specialist fund ratings

The Financial Standard Intelligence Unit (FSIU) today released its inaugural investment performance review (IPR) ratings for 93 specialist sector wholesale managed funds.

New appointment at Advance

Advance Funds Management has appointed Sue Mieog to the position of head of product.