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18 May 2020 • By Lachlan Maddock • 1 min read

Responsible entity gets suspension revoked

A responsible entity has had its AFS licence suspension revoked and sought a review of ASIC’s decision. In April, ASIC suspended Ausfunds ...

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APRA reveals latest early super data

APRA has revealed another week of early release super data as the number of new claims finally begins to decline. Over the week to 10 May, super ...

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T. Rowe Price appoints distribution head

T. Rowe Price has announced the appointment of an industry veteran with 20 years’ investment experience as its new head of distribution for Australia ...

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‘Q4 reckoning’ could ravage recovery

There will be “prolonged weakness” once the recovery starts, and indefinite government support might be the only way out. Markets should be ...

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Westpac won’t go down without a fight

Westpac has admitted it broke the law, but it has sent a firm warning that it will fight some of the most controversial charges. Westpac filed a ...

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Early super numbers jump

The early super release scheme has continued to see massive uptake. Over the week to 10 May, super funds made payments to 390,000 members – ...

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Dividends could dip 35 per cent

While Q1 dividends have been largely unaffected by COVID-19, there will be a trough of as much as 35 per cent over the next 12 months

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Will Australia cross the bridge to recovery?

As lockdowns ease, it’s becoming clear that Australia won’t be the same country on the other side. With the death toll now running into the tens of ...

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Private equity stake to prep CFS for full sale

A major bank’s sale of a majority stake in its super business to a private equity firm is likely to see the business come out leaner and more profit ...

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Super merger relief holds burden for managed funds, body cautions

An industry body has warned the capital gains tax rollover relief for merging super funds has brought an “unnecessary” encumbrance for managed funds

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