ASIC commits to new Action Plan delivering better outcomes for Indigenous Australians

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Consumer issues including car sales, credit and consumer leases headline some of the key priority areas in the National Indigenous Consumer Strategy (NICS) Action Plan 2017–2019. The three year plan... Read more continue reading

AMP Capital Wholesale Office Fund to take stake in Brookfield’s Wynyard Place development

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AMP Capital’s Wholesale Office Fund (AWOF) will take a stake in Brookfield’s Wynyard Place development in Sydney, agreeing to acquire a 25 per cent interest in the completed development. AMP... Read more continue reading

Centuria investors triple their money with sale of Sydney CBD property

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Centuria Property Funds has announced a significant profit on the sale of a Sydney CBD office property, Swire House. The 10 Spring Street, Sydney property was purchased in 2013 for... Read more continue reading

FPA submits financial advice competition recommendations to Productivity Commission

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The Financial Planning Association of Australia (FPA) has submitted recommendations to the Productivity Commission’s inquiry into competition in the Australian financial system, designed to help enhance innovation, choice, efficiency and... Read more continue reading

ASIC remakes relief for financial counselling agencies providing advice or credit assistance

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ASIC has made two new instruments relating to financial counselling agencies to continue the relief provided by class orders that were due to expire (‘sunset’). ASIC has remade: Class Order... Read more continue reading

Property investor confidence remains resilient despite pressures: PIPA national survey

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Australian property investors remain bullish about the long-term benefits of residential real estate, shrugging off concerns about stricter lending conditions property price bubbles and oversupply, the third annual Property Investment... Read more continue reading

Managed Accounts proposed merger with Linear Financial

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Managed Accounts Holdings Limited (“Managed Accounts”) (ASX: MGP) is pleased to announce it has submitted a non-binding conditional proposal to undertake a merger with Linear Financial Holdings Pty Ltd (“Linear”)... Read more continue reading

Federal budget: Smallest deficit in four years

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Federal Budget Final Budget outcome: The budget deficit for 2016/17 was $33.15 billion or 1.9 per cent of GDP. The budget deficit was a $4.4 billion improvement on the $37.6 billion... Read more continue reading

Ophir Asset Management’s High Conviction Fund added to HUB24’s Investment Platform  

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Australian small and mid-cap equities manager Ophir Asset Management (Ophir) has announced the addition of the Ophir High Conviction Fund (Fund) to HUB24’s IDPS platform. Launched in 2015, the Fund... Read more continue reading

Regional banks call for level playing field

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Australia’s most recognised regional banks have called on a major competition inquiry to level the playing field and put consumers and the economy first. In a joint submission lodged with... Read more continue reading