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Superannuation

APRA to become more aggressive and sceptical

As APRA disqualifies another director in relation to the HIH fiasco, its chairman Dr John Laker said the chances of another HIH occurring would significantly be reduced under a more stringent prudential environment.

Transactional banking goes rural

Rabobank will offer the rural market transactional banking services via a specifically designed banking facility called One account.

Equity Trustees on top in fixed interest

Managed funds research house InvestorWeb has released its annual fixed interest sector review with the Equity Trustees- PIMCO fixed interest products receiving 'exceptional buy' recommendations.

Optus and Vodafone finalise $700m 3G joint venture

AAP  |  FRIDAY, 19 NOV 2004
The race is on to see which of Australia's biggest telecommunications companies will be the first to launch third generation (3G) network services to its customers.

Lend Lease merger with GPT defeated

AAP  |  THURSDAY, 18 NOV 2004
A plan to create Australia's second largest list property group was in tatters today after General Property Trust (GPT) unitholders voted against a merger with Lend Lease Corp Ltd.

Tribeca keeps acquiring

Tribeca has made its third acquisition in the month of November after agreeing to purchase Monroe Topple and Associates (MTA), an organisation involved in providing educational materials and courses for the Institute of Chartered Accountants CA program.

Tower back in profit

Tower has turned its fortunes around to report a full-year profit for 2004 of NZ$54.6 million after making a loss of NZ$148.9 million in 2003.

Telstra NZ bond issue oversubscribed

AAP  |  WEDNESDAY, 17 NOV 2004
Telstra today said it had successfully completed a $NZ200 million ($A181.47 million) Kauri bond issue, made up of seven and 10-year tranches worth $NZ100 million each.

Macquarie Bank announces 17% boost in net profit

AAP  |  TUESDAY, 16 NOV 2004
Macquarie Bank Ltd today reported an interim net profit of $284 million, up 17 per cent, and said it expects to exceed last year's full year result.

HESTA gets 34 per cent growth and an excellence award

The $6 billion HESTA industry fund secured an excellence award at the recent ASFA conference for its campaign 'Rollover, you're leaking'.