931-940 of 1051 results
Successor Fund Transfers - all aboard!
APRA yesterday released a draft guide on transferring a member's benefit from one superannuation fund to another without their consent. The interpretation adopted provides minimal protection to superannuation fund members. ...
Updated fee and cost disclosure - transition period extended
ASIC has today announced that superannuation fund trustees and responsible entities will have until 1 October 2017 to comply with the updated fee and cost disclosure rules for PDSs set out in ASIC Regulatory Guide 97 and ASIC Class Order 141252 - but only if they comply with certain conditions ...
ASIC announces fintech licensing exemptions
As part of its implementation of the regulatory sandbox for fintech companies ASIC is providing relief for certain fintech businesses from the obligation to hold an Australian financial services or Australian credit licence Relief may be available for up to 12 months and may be useful to businesses ...
Crowd sourced equity funding to gain traction with new legislation
After a difficult journey both Houses have passed the Corporations Amendment Crowd-sourced Funding Bill 2016 - introducing a new funding avenue for Australian startups and an opportunity for retail investors to access equity in emerging companies ...
Allens advises GPT on acquisition of Northland Shopping Centre
Allens has advised the GPT Wholesale Shopping Centre Fund ( GWSCF ) on its $496 million dollar acquisition of a 50 per cent interest in the Northland Shopping Centre from the Canadian pension fund, ...
Final APRA Guidance on Information Security (CPG 234) released – are you prepared?
APRA has released the updated final version of its Prudential Practice Guide, which gives crucial context about how it views cybersecurity threats. ...
Allens advises Archer Capital on sale of Healthe Care
Allens has advised Archer Capital on its proposed divestment of private hospital business Healthe Care to China's Luye Medical Group. Healthe Care is Australia's third largest private hospital ...
Forrest Centre in WA sells
YT International, an investor associated with Perth Upper China Hotel, has purchased the Forrest Centre office tower in Perth's CBD. Allens assisted on the due diligence and bid process for the ...
National Partnership Agreement on Asset Recycling
The National Partnership Agreement on Asset Recycling between the Commonwealth and each of the states and territories firmly entrenches asset recycling for the next five years at least In last nights Budget the Federal Budget announced 5 billion will be made available to fund payments to the states ...
Allens advises CBA on $1.25bn Hybrid Issue
Allens is advising Commonwealth Bank of Australia ( CBA ) on its offer of CommBank PERLS XI Capital Notes, originally announced on 1 November 2018 to raise approximately A$750 million (or more or ...