Latest News



ASIC's Markets Disciplinary Committee (MDC) has penalised Goldman Sachs Australia for distorting the market in AP Eagers Limited shares.

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The big banks have come out swinging in the latest round of Financial System Inquiry submissions, with Westpac and CBA the most vocal about cross-subsidisation.

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Hunter Hall has announced yet another drop in its full-year profits, but managing director David Deverall is confident the ethical fund manager will soon “turn the corner”.

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The National Australia Bank will sell its stake in the US-based Great Western Bank (GWB) through an initial public offering, refocusing its strategy on Australasian interests.

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Australian Ethical has posted a record net profit after tax of $2.54 million for the year ending 30 June 2014, up 139 per cent from the previous financial year.

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The costs of providing benefits such as insurance are not being accounted for in comparisons between the Australian super system and other pension systems, says ASFA.

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A combination of client acquisitions, increased sales to existing clients and full-year ownership of the COIN software business has seen Rubik’s revenue rise by 33 per cent for the 2014 financial year.

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The regulatory oversight of the superannuation system has failed to keep pace with the rapidly changing face of the industry, argues the Association of Superannuation Funds of Australia (ASFA).

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TOP YIELDING SUBURBS

Units
KUNDA PARK, QLD – 20%
DOLPHIN HEADS, QLD – 19%
IRYMPLE , VIC – 18%

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BELLAMACK, NT – 17%
MILES, QLD – 13%
ROSEBERY, TAS – 11%

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ifa Magazine

Hooked on Property

Find out how to best capitalise on your client's desire to invest in property

 

 

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