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Superannuation

ACCC making progress in crackdown on cartels

AAP  |  THURSDAY, 19 FEB 2004
The Australian Competition and Consumer Commission's crackdown on cartels was starting to bite with several whistleblowers coming forward, a Senate committee heard today.

Print Super to correct ERF transfer notification

The Printing Industry Superannuation Fund has agreed to provide more detailed information to members about the circumstances in which their funds may be transferred to an Eligible Rollover Fund.

Schaffer will continue to pay special dividends

AAP  |  THURSDAY, 19 FEB 2004
Diversified industrial firm Schaffer Corporation said it would continue to make special dividend payments as it unwound its non-core investment portfolio.

ING Industrial Fund to buy Wonderland site

AAP  |  WEDNESDAY, 18 FEB 2004
ING Industrial Fund yesterday announced it had contracted to purchase the Wonderland Sydney site in a joint venture with The PacLib Group for $52.5 million.

452 Capital launches LIC

AAP  |  WEDNESDAY, 18 FEB 2004
Boutique fund manager 452 Capital said its soon to be listed investment company (LIC) Century Australia Investment would be different from other LICs in the marketplace.

Shareholders expect NAB chairman to quit other roles

AAP  |  WEDNESDAY, 18 FEB 2004
The Australian Shareholders' Association wants new National Australia Bank chairman Graeme Kraehe to quit directorships at two major companies within a week so he can devote more time to the bank.

S&P assigns ratings to Members Equity

AAP  |  TUESDAY, 17 FEB 2004
Standard & Poor's Ratings Services has assigned its BBB-minus long-term and A3 short-term counterparty credit ratings to Members Equity.

PAO predicts 12.1 cent distribution

AAP  |  MONDAY, 16 FEB 2004
Principal America Office Trust (PAO) today forecast an increase in distributions to 12.1 cents per unit in 2004, as the US office market picks up.

Owen extends AXA responsibilities

AAP  |  MONDAY, 16 FEB 2004
The AXA Group said that Les Owen, group chief executive, AXA Asia Pacific Holdings, will assume rsponsibility for AXA's property and casualty operations in Asia Pacific (excluding Japan), and for representative offices in China.

Stockland raises $203 million to pay for new acquisitions

AAP  |  MONDAY, 16 FEB 2004
Stockland Trust Group has raised $202.8 million through an institutional placement to help cover the $228.5 million cost of four new acquisitions, including the Waterfront Place office tower in Brisbane.