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Superannuation

NAB prices three-currency RMBS issue

AAP  |  WEDNESDAY, 22 SEP 2004
National Australia Bank (NAB) has today priced a residential mortgage-backed securities (RMBS) issue.

ASIC begins investigation into James Hardie

AAP  |  WEDNESDAY, 22 SEP 2004
Australia's corporate watchdog has begun an investigation into possible breaches of the law by James Hardie Industries.

ASIC relaxes requirements on licensee cash deposits

The Australian Securities and Investments Commission (ASIC) issued a new class order on Tuesday allowing Financial Services licensees to deposit client money into a cash common fund.

QBE Insurance issues $530 mln in convertible securities

AAP  |  TUESDAY, 21 SEP 2004
QBE Insurance Group (QBE) announced today the issue to institutional investors of 20-year zero coupon senior convertible securities (SCS), raising $US375 million or approximately $A530 million net funds after expenses.

Westpac considering greater NZ influence; report

Reports out today said Westpac was considering relocating back office jobs to New Zealand from Australia to take advantage of the lower wages in that country.

James Hardie requests trading halt in shares

AAP  |  TUESDAY, 21 SEP 2004
James Hardie Industries today requested a trading halt in its shares ahead of the release of a report by the NSW Government Special Commission of Inquiry into the Medical Research and Compensation Foundation.

ASIC welcomes closer scrutiny on advertising guidelines

The Australian Securities and Investments Commission (ASIC) on Monday welcomed another step forward in the crackdown on misleading advertising in the financial services industry.

Risk measurement lags amongst insurance companies - E&Y survey

AAP  |  TUESDAY, 21 SEP 2004
Risk measurement remains unsophisticated in Australian insurance companies as they struggle to keep abreast of a rash of regulatory, legislative and governance-driven changes, according to a new report.

Macquarie Securitisation launches $750 mln bond issue

AAP  |  TUESDAY, 21 SEP 2004
Macquarie Securitisation, the manager of the PUMA residential mortgage backed securitisation program, has on Monday launched a $750 million bond issue.

Perpetual to shift head office

Perpetual Trustees today announced today it will be relocating its Sydney head office to a single premises at Angel Place, 123 Pitt Street from late next year.