Default superannuation funds included in workplace awards could be subject to new criteria decided by the Productivity Commission.
The commission will soon begin an inquiry, announced today, into the selection and ongoing assessment of default funds in modern awards.
Seven Group Holdings has upped its takeover bid for National Hire Group, after its initial offer of $3.00 per share was rejected by the target’s major shareholder, Tasmania-based Caterpillar dealer Dale Elphinstone, last month.
The forestry assets of failed rural land owner The ARK Fund have been sold for $46 million in a deal struck by receivers from McGrathNicol with an international timber investment group.
Stock index provider S&P Indices has announced Atlas Iron and Equinox Minerals have joined the ranks of the top 100 Australian companies, while five other Western Australia-based firms have been elevated to the S&P/ASX 300.
As the Middle East collapses into its latest bout of instability there are lessons to be learned by investors and managers. Investors should be buying gold and energy stocks, managers should be reviewing business succession plans.
Advanced materials group Matrix Composites and Engineering met its own profit guidance today with a 159 per cent increase in interim profit, but the stock still slipped lower after its stellar run over the past year.
The shape of takeover target Kresta Holdings' shareholder register continues to change, with fund manager Perpetual the latest major investor to reveal its activity in the stock over recent months.
The owner of the Toronto Stock Exchange, TMX Group, has bought a 50 per cent interest in MinesOnline, a West Australia-based company that connects buyers and sellers of mining assets and projects around the world.
Perth-based Patersons Asset Management's flagship equity fund has been ranked the highest performing fund in its category by financial ratings agency Morningstar.
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