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General

ASIC takes action on Melbourne-based share dealer

The Australian Securities and Investments Commission (ASIC) has announced today that it has imposed a condition on the dealers’ licence held by the National Exchange Corporation...

FLS branches out into general insurance

Financial planning dealer group Financial Lifestyle Solutions (FLS) has launched a general insurance broking business to attract existing brokers and multi agents feeling the administrative strain of compliance under the new Financial Services Regime ...

Midday market wrap: Shares drift lower

Marginal falls in three out of the four major banks helped drag the All Ordinaries index slightly lower during the morning session...

UBS Global Asset Management takes InvestorWeb honours

InvestorWeb Research has announced UBS Global Asset Management as its ‘six star’ fund manager for 2003...

ATO to begin legal action against SMSFs

The Australian Taxation Office (ATO) plans to take legal action against self-managed superannuation funds...

Morning market wrap: Major indices all rise

Domestic shares will be buoyed by gains across all the major global indices yesterday...

Taxes rise 1.5% to $216.92 billion in 2002: ABS

Total taxation revenue collected in Australia rose 1.5 per cent from $213.74 billion in 2000-2001 to $216.92 billion in 2001-02...

Morningstar downgrades Perpetual's business and management

Morningstar has downgraded its outlook for Perpetual Investments' business and management strength from 'very positive' to 'positive'...

Centro extends offer period for ART takeover bid

Centro Property Trust has extended the offer period for its takeover bid for AMP Shopping Centre Trust (ART)...

Conroy cautions superannuation funds on use of hedge funds

Shadow Finance Minister Stephen Conroy has warned superannuation funds to exercise caution when considering the use of hedge funds as part of their investment strategy...