Latest Insights

Tribunal lifts ban on Charles Abbott

A FORMER deputy chairman of HIH Insurance best known for receiving $181,000 from the insurer on the eve of its collapse has succeeded in overturning a ban preventing him acting as a director or senior executive of an insurance company. Charles Abbott was banned by the Australian Prudential Regulation Authority in February 2005 and has not worked since the collapse.
11yr ago

'Ingenious set-up' let Lowys deny tax haven

THE chairman of the US Senate committee investigating tax-haven banks took a direct swipe at Westfield Group's executive chairman Frank Lowy before his son Peter Lowy appeared at a committee hearing in Washington on Friday night.
11yr ago

VICE REGAL

On Saturday, at Sydney Opera House, Their Excellencies the Governor- General Major General Michael Jeffery AC CVO MC and Mrs Marlena Jeffery, as guests of the Ambassador of the State of Israel to Australia, His Excellency Mr Yuval Rotem and Mrs Miri Rotem, attended a performance by the Israel Philharmonic Orchestra.
11yr ago

Lowys accused of stonewalling

THE chairman of the US Senate committee investigating tax haven banks took a direct swipe at Westfield Group's executive chairman, Frank Lowy, before his son Peter Lowy appeared at a committee hearing in Washington on Friday night.
11yr ago

Global investors lining up for Centro's assets

INTERNATIONAL investors are close to finalising a deal to buy the $1.16 billion Australian portfolio of Centro Properties, which includes the Bankstown and Roselands shopping centres.
11yr ago

US fund to buy local Centro assets

INTERNATIONAL investors are close to finalising a deal to buy the $1.157 billion Australian portfolio of Centro Properties, which include the Bankstown and Roseland shopping centres in Sydney.
11yr ago

Banks may follow NAB's defences

NATIONAL Australia Bank's move to shore up money to protect against losses of up to 90% of its exposure to the US housing market could spur competitors to cut into their earnings to beef up their defences.
11yr ago

CMC Markets Weekly Report

The Australian Stock Market was headed for good gains last week until Friday, when the NAB announced an $830 million provision for their portfolio of CDO's. This saw the ASX/S&P 200 sold off heavily on Friday along with the major financial stocks. However the ASX/S&P 200 managed a gain on the week of 2.6% or 130 points.

11yr ago

Lay off pension nest egg

Keeping your benefits in a capital guaranteed option will guard against losses, writes George Cochrane.
11yr ago

Wonder dog Riley banned for simply being too good

CLARE O'CALLAGHAN went to the pound looking for a pet. But she was taken not by the four-month-old kelpie pup's sweet face, but by his ability to jump 1.5 metres in the air from a standing start.
11yr ago

Spare loved ones the anguish of doing it yourself

A BUNCH of letters are about to hit your doormat: the letters from your managed fund managers. They will tell you that you lost a bunch of money last year and for the next 12 months you will bore your dinner-party guests with stories of useless, BMW-driving fund managers and their fees. It will also prompt a lot of you to think about "taking control" through a self-managed super fund structure. Nothing quite like losing money in the short term to jolt you out of your inherent trust in the long term.
11yr ago

REIV blames miscommunication for underquote

LACK of communication has been blamed for the Real Estate Institute of Victoria being embroiled in a curious underquoting deal, related to a residential development site it sold in Camberwell this week.
11yr ago

Sombre times for super. But where does default lie?

Next week we should finally know how much damage has been done to our super funds in the past year's financial turmoil. The average fund is predicted to have lost about 6 per cent of your nest egg, but returns will probably vary quite significantly around this figure.
11yr ago

New super rules a taxation puzzle

IF YOU are having trouble understanding all the new superannuation rules, you are not alone. The Tax Office is also having problems.
11yr ago

ASX raps Martyn Myer on disclosure

THE ASX has accused an investment company led by ANZ chairman Charles Goode, and whose directors include two members of Melbourne's powerful Myer clan, of a potential breach of listing rules. Martyn Myer, Its board includes Mr Goode, Mr Myer, Rupert Myer and Graeme Moir.
11yr ago

Letters

Grow up, sceptics, see bigger picture
11yr ago

ACCC gives thumbs up to merger proposal

THE success of Westpac's $15 billion bid for St George rests largely with the latter's shareholders after the competition regulator yesterday gave preliminary permission for the two banks to proceed with a merger.
11yr ago

Activists' super weapon

Where is your money being invested? The Wilderness Society plan has a variety of high-emitting industries in its sights.
11yr ago

Letters

NICK Low and Bill Russell remind us that "Melburnians want a better rail system" (Comment & Debate, 22/7) and Paul Kehoe (Letters, 22/7), repeating the myth that services used to be "better" in the past, joins the many who ask why trains are not more frequent.
11yr ago

Wealth For Toil

Australians of "high net-worth" grew in 2007, but the wealth remains concentrated among just 1% of the population.
11yr ago

The bad news bears

Australia won't avoid the effects of the global subprime crisis but our fundamentals remain sound.
11yr ago

The flight to safety

Investors fleeing the sharemarket in search of security can easily earn 8 per cent a year and sleep well at night. John Kavanagh looks at what you can get if you shop around.
11yr ago

Paperwork dull but crucial

Outsourcing of super by employers is a regular occurrence. You start off as a member in one fund and find you are transferred to another when the employer no longer wants to spend time and resources administering super.
11yr ago

Hot Stock

What's new? Classic economics, Adam Smith-style, says the price of any product is the combination of the cost of labour, the rent on the land to produce the product and a return on capital employed. Of the three, land is the lowest returning asset, although some wage-earners would dispute this.
11yr ago

Tax victory for Macquarie head

THE non-executive chairman of Macquarie Group, David Clarke, has won a legal battle over a hefty tax bill he incurred after he got the bank to bail out his favourite football code.
11yr ago

O'Hoy out as Foster's moves on

SIX weeks after handing in his resignation at troubled beer and wine giant Foster's Group, chief executive Trevor O'Hoy has been shown the door by chairman David Crawford. Mr Crawford has persuaded former Cadbury confectionery chief Ian Johnston, who only joined the Foster's board as a non-executive director in September, to come out of retirement and help run the group as acting chief executive.
11yr ago

Alumina on shelf - for how long?

ALCOA chairman Alain Belda is getting on in years. The 40-year company man has turned 65 and if his thoughts haven't turned to retirement, there are many others doing it for him.
11yr ago

Suburban golf club land suits developers to a tee

CARA Beed, like so many Melburnians, appreciates the open space and greenery a park, oval or golf course affords - so much so that she decided decided to buy a house near the Eastern Golf Club.
11yr ago

When will this end?

The Australian share market has recorded its ninth successive down week. The second half of the year is beginning in remarkably similar fashion to the first half. Three weeks into the calendar year the ASX200 had fallen by 22% from its most recent high six weeks earlier. Right now, the index has fallen by 19% from its most recent high two months ago.
11yr ago

No need for panic

Be alert but not alarmed. Now is not the time for unreasonable pessimism.
11yr ago

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