581-590 of 1131 results
ASIC's no action position on the wholesale/retail test for self-managed super funds
The Australian Securities and Investments Commission has announced that it will take no action where a self-managed superannuation fund trustee is treated as a wholesale client notwithstanding that the trustee does not have to meet the 10 million net asset threshold even though the financial service ...
Running out of time for retirement income reform
The Government has released a consultation paper on the regulation of retirement income streams It says that the Government wants to encourage the development of more retirement products But this is old news and the paper offers few concrete policy proposals other than in the area of deferred ...
ASIC's enforcement decisions - is litigation the most effective deterrent?
We have previously reported on ASICs submission to the Financial System Inquiry FSI and in particular its assertion that it needs a broader range of more onerous financial penalties in order to punish and deter corporate wrongdoing ASIC made similar submissions to the recent inquiry by the Senate ...
Some facts (and myths) about ASIC and product intervention powers
The closer you look at the recent discussion about product intervention powers for ASIC the clearer it becomes that the discussion has little basis in fact ...
Murray in a muddle over retirement incomes
A close reading of the retirement incomes chapter in the interim report of the Financial System Inquiry reveals a series of paradoxes ...
Allens advises Rio Tinto on US$2.69 billion Coal & Allied sale
Allens has advised longstanding client Rio Tinto on its US$2.69 billion sale of Coal & Allied Industries to Yancoal Australia. The transaction is the final in a series of thermal coal divestments b ...
Allens advises PEP on acquisition of Patties Foods
Allens has advised private equity fund manager Pacific Equity Partners ( PEP ) in relation to the acquisition of ASX-listed Patties Foods Limited ( Patties ) by Australasian Foods BidCo Pty Limited ...
Allens advises Transpacific on strategic landfill acquisition
Allens has advised Transpacific Industries Group Limited ( TPI ) on its $165 million acquisition of the Melbourne Western Landfill from Boral Limited. The Melbourne Western Landfill operates in ...
Allens acts for Allianz on Territory Insurance Office acquisition
Allens has advised insurance company Allianz Australia on its purchase of the Northern Territory Government's general insurance business. Allianz Australia has entered into an agreement with the ...
Allens acts for Federation Centres on $11 billion merger
Allens is acting for Federation Centres in its proposed merger with fellow real estate investment trust Novion Property Group. Minter Ellison is also acting for Federation Centres. The proposed ...