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Superannuation

APRA announces new prudential standards for financial institutions

Under new business continuity management (BCM) prudential standards released by the Australian Prudential and Regulation Authority (APRA) authorised deposit-taking institutions (ADIs) and insurers must identify business functions and infrastructure disruptions ...

St George takes on ATO…again

In its second clash with the Australian Taxation Office (ATO) St George Bank has today rejected an amended tax assessment for a total of $40 million from the tax regulator and confirmed it remains on track to achieve EPS growth of 10 per cent for the ...

International All Sports defends CBA claim

AAP  |  THURSDAY, 7 APR 2005
Online bookmaker International All Sports Ltd (IAS) today told shareholders it was confident it would successfully defend a claim by the Commonwealth Bank of Australia Ltd (CBA) that it should have known one of the bank's managers was stealing to feed ...

HIH fall out continues

The Australian Prudential Regulation Authority (APRA) has barred another former HIH executive with Ross Eade being disqualified under the Insurance Act 1973 from holding a position or acting as a director or senior manager of a general insurer.

NAB trims UK workforce by 1,700

The National Australia Bank will cut 1,700 jobs, or 15 per cent of its UK workforce, over the next 12 to 18 months as the bank moves to 'rebuild, revitalise and grow' its banking operation in the UK.

Beware of fake international 'regulators'

ASIC has advised Australian investors wishing to place funds in overseas markets to be aware of the activities emanating from fake international regulators.

Australian Unity offer new property fund to retail and wholesale investors

Australian Unity Investments (AUI) has pushed its property management credentials further with the release of wholesale and retail versions of a geared property income funds, following the recent release of a high yield mortgage trust.

HIP adjusts its manager line-up

Health Industry Plan (HIP) superannuation fund has amended its manager line-ups with State Street taking over from Barclays Global Investors (BGI) in HIP's Australian equities portfolio, and a combination of Capital International and Bank of Ireland ...

NAB Currency Options Trader pleads guilty

National Australia Bank's currency crisis continues with former NAB head of foreign currency options desk, Luke Duffy pleading guilty to three counts of dishonestly using his position as an employee to gain advantage for himself and others.

APRA disqualifies more HIH senior executives

The Australian Prudential Regulation Authority (APRA) has made further disqualifications regarding former senior executives of HIH Insurance with Frederick Lo, Roger Colomb, and Terrence Cassidy all banned from being or acting as a director or senior ...