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Superannuation

FOGI director charged with 21 criminal offences

Robert Geoffrey Walker, a former director of Financial Options Group Incorporated (FOGI), appeared in the Downing Centre Local Court in Sydney yesterday, charged with 21 counts of deception under the Crimes Act (NSW).

RBA survey reveals pleasing results: Macquarie

The Reserve Bank of Australia's (RBA) September 2003 survey of the margin lending industry, which reveals that retail borrowing in protected loans has reached $1 billion, has been welcomed by Macquarie Bank.

Morningstar retains weak rating for AXA's international 'growth-style' equity portfolio

Ratings agency Morningstar has opted to leave AXA/Alliance Capital's international growth-style equity strength rating unchanged at two out of five, despite the resignation of two Alliance directors and an admission from Alliance it was likely to face ...

Former South Australian stockbrocker sentenced

A former stockbroker from South Australia has been sentenced in the Adelaide Magistrates Court in relation to two charges of managing companies whilst disqualified, following an investigation by the Australian Securities and Investments Commission (ASIC).

ING and BGI awarded most AAA ratings by FSIU

Of 119 diversified funds currently offered to the Australian wholesale market, 28 are worthy of a top AAA rating, according to a survey which rates funds in terms of both investment performance and risk.

ALP's Stephen Conroy urges greater corporate governance

The ALP Shadow Minister for Financial Services and Corporate Governance Stephen Conroy has outlined three areas where corporate reform is urgently needed, during a speech presented to the Company Secretaries Association (CSA) today.

Two disqualified directors sentenced following ASIC probe

Separate investigations by the Australian Securities and Investments Commission (ASIC) have led to the sentencing of two NSW company directors, charged with managing a corporation whilst disqualified.

Melbourne company director guilty as charged

A company director from Melbourne has been found guilty by a County Court jury in relation to 19 charges of obtaining a financial advantage by deception.

Westfield, Commonwealth Funds Management in property deals

AAP  |  MONDAY, 24 NOV 2003
Westfield Trust has agreed with Commonwealth Funds Management (CFM) to acquire CFM's 50 per cent interest in Westfield Belconnen, in Canberra, at $230 million.

Coonan responds to Labor super initiatives

The government has responded to the first two instalments of Labor's superannuation strategy, claiming the proposals would burden workers and businesses with more red tape and without any real benefit.