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Superannuation

ACCC plans to revise merger process to increase transparency

AAP  |  FRIDAY, 24 SEP 2004
The Australian Competition and Consumer Commission (ACCC) on Thursday said it planned to open up scrutiny of its merger clearance process to increase transparency and accountability.

L-Bank launches $300 million MTN bond issue

AAP  |  THURSDAY, 23 SEP 2004
L-Bank, today announced it had launched a new medium term note (MTN) issue, explicitly guaranteed by the German Federal State of Baden-Wurttemberg.

Principal America Office threatened with index exclusion: S&P

Principal America Office Trust (PAO) will be removed from all S&P benchmark indices if the Macquarie takeover is successful, Standard & Poor's said on Wednesday.

West LB launches minimum $300 million MTN

AAP  |  THURSDAY, 23 SEP 2004
West LB AG's Sydney branch on Wednesday announced the launch of its debut minimum $300 million 5-year Medium Term Note (MTN) issue.

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.