Charter Hall Direct’s Industrial Fund No.4 (DIF4) has announced the acquisition of two food manufacturing facilities on a 30-year sale and leaseback to leading food business Patties Foods for $141 million. The sale and leaseback arrangement with Patties Foods provides for a 30-year triple net lease with fixed 3% annual reviews. The Portfolio consists of... Read more continue reading
22
Apr
2021
Life insurance specialist, TAL, has partnered with leading virtual healthcare provider, Teladoc Health, to offer additional mental health support to TAL customers. Initially offered to a select group of TAL’s advised customers and customers with insurance through superannuation, ‘Mental Health Assist’ will be available for eligible TAL customers on claim with a mental health condition. Dr... Read more continue reading
22
Apr
2021
The FPA welcomes the release of the draft legislation for the Single Disciplinary Body (SDB) for Financial Planners, which is an important reform for the profession. Along with the details of the new SDB, the draft legislation also includes a number of other reforms including standardising professional standards and regulatory functions to streamline regulation, reduce... Read more continue reading
21
Apr
2021
SuperFriend, the national workplace mental health and wellbeing organisation, has appointed leading business figure Elizabeth Proust as the new Chairperson to its Board of Directors. Bringing over 30 years’ experience in leadership roles across private and public sectors in Australia, Ms Proust has an outstanding record of change management programs in large and diverse organisations.... Read more continue reading
21
Apr
2021
Independent investment research house, Lonsec, has awarded a ‘Recommended’ rating to the Apostle Dundas Global Equity Fund (the Fund). The Fund is focused on sustainable dividends from long-term investment in global equities across developed and emerging markets. Investment manager Dundas Global Investors (Dundas) aims to build a diversified portfolio of between 60-80 stocks with sustained... Read more continue reading
20
Apr
2021
Focus on Australia Australian government debt jumped by US$163 billion (AU$211 billion) in 2020, equivalent to Hong Kong’s entire national debt The increase sees Australia jump two levels higher to 13th position in global public debt rankings Australia owes US$30,919 (AU$40,068) per person, half the amount owed by US citizens, and one-third that of British... Read more continue reading
20
Apr
2021
Petrol Prices; New home sales; Used vehicle market Fuel prices: Last week the national average price of unleaded petrol fell by 1.6 cents a litre to 142.8 cents per litre (c/l), according to the Australian Institute of Petroleum. Retail unleaded pump prices have entered the discounting phase of the fuel cycle in Brisbane, Sydney and... Read more continue reading
20
Apr
2021
MLC Life Insurance has made two senior appointments to its finance team. Lesley Mamelok takes on the new role of General Manager, Finance & Deputy CFO while Robert Baillie takes on the new role of General Manager, Capital Management & Corporate Finance. Both will report directly to CFO, Kent Griffin. Lesley will oversee the financial... Read more continue reading
20
Apr
2021
Investment markets and key developments over the past week While Japanese shares fell -0.3% over the last week and Chinese shares lost -1.4%, US shares rose 1.4% to a new record high and European shares rose 1.3% to their highest since the year 2000 pushed higher by good economic data, a strong start to the... Read more continue reading
19
Apr
2021
Gate Capital has selected Equity Trustees to provide UCITS Management Company services for its latest offering, The Written Fund. The Fund was launched on the Equity Trustees’ Irish domiciled UCITS ‘Gateway’ platform and is now open to investors. Gate Capital is a new client for Equity Trustees, a 132-year-old Australian trustee business now providing independent... Read more continue reading
19
Apr
2021
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