Despite admitting serious flaws in its super fund expense data the Australian Prudential Regulation Authority (APRA) is in no rush to change reporting rules that would force providers to reveal commission expenses, the Senate heard last month.
ATO intensifies rich hunt while Westpoint soaks up multi-millions
The Australian Tax Office could gouge back up to $600 million from the country’s wealthiest citizens over the next four years with plans to triple staff in its High Wealth Individuals Taskforce over that period.
Financial Partnership worth at least $2m to IOOF
IOOF has valued its recent acquisition Financial Partnership at well over $2 million, according to documents lodged with the ASX last week.
Buy your favourite TV show
Channel Nine is testing investor support again for its long-running TV show McLeod’s Daughters with a tax-effective product intended to fund the sixth series.
Corporate actions automated in Milestone deal
In what it’s claiming is an Australian first, Milestone Group’s pControl system will be able to fully automate corporate actions processing, once an installation with a major funds manager is complete in the third quarter of 2006.
BUSS(Q) revamps alternatives, goes public offer
Building Unions Super Scheme Queensland (BUSS(Q)has rejigged its hedge fund mandates, and upped its private equity allocations.
Power manager seeks repeat Aussie business
After raising $147.5 million from several Australian institutions last October, US power plant investor, Energy Investors Funds (EIF), is likely to return to Australia this year to help fill a new fund.
Aegis to model for planners, brokers
Aegis Equities Research will externally market its ‘X-Model’ financial modelling software, after it was purchased by a number of broking and financial planning clients.
The alchemy of advice: transforming lead miners into gold clients
Steve Williams has been doing the accounts of thousands of Mount Isa citizens for the last 10 years but he has finally bitten the bullet and is about to get serious about financial planning.
Future Films Australia – Film Investment Programme 2005/2006
A 50/50 joint venture between Australia’s Goldstream Capital and Future Film Group United Kingdom offers this investment opportunity until June 30.
Putnam Worldwide Income Fund
Putnam Investments Australia opens two new products.
Macquarie Atlas Asia
Atlas Asia offers retail investors access to capital growth and income from Asian markets covering Japan, Hong Kong, China, Korea, Singapore and Taiwan.
