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Superannuation

APRA raised concerns with NAB before rogue trading scandal

AAP  |  THURSDAY, 19 FEB 2004
The banking watchdog raised concerns about National Australia Bank's risk management early last year, more than six months before the rogue trading scandal that cost the bank's two top jobs

HIH liquidators to acquire almost $300 million from reinsurers

AAP  |  THURSDAY, 19 FEB 2004
The liquidators of HIH today acquired about $300 million from a company involved in reinsurance deals with the collapsed group.

Lend Lease says net operating profit on track

AAP  |  THURSDAY, 19 FEB 2004
Lend Lease Corporation today said its full year operating net profit would be in line with market expectations.

Commonwealth Property Office Fund will meet earnings forecast

AAP  |  THURSDAY, 19 FEB 2004
Commonwealth Property Office Fund (CPA) today said it would achieve its full year earnings and distribution forecasts despite a weakening in net property income expectations.

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.