The investment manager has approved 17 private credit funds for its superannuation members following a 10-month industry-wide due diligence review aimed at strengthening investment governance.
FINANCE
Japan Moves to Tighten Activist Investor Disclosure Regime
The government is considering stricter disclosure enforcement as activist investing continues to grow in one of Asia's busiest equity markets.
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Switch Seeks $2B Funding Round Amid AI Data Center Boom
The data center company is reportedly raising about $2 billion in a funding round led by Andreessen Horowitz as surging AI demand drives investment in digital infrastructure.
ATO Faces $35.9B Small Business Debt Challenge After Audit Review
The tax office plans to establish new debt reduction targets following an audit that found its existing strategy only partly effective in addressing mounting small business tax liabilities.
RBA Says Economy Is Responding to Higher Rates, Another Hike Still in Play
The Australian central bank said earlier rate hikes are having their intended effect and financial conditions have become restrictive, although policymakers have not ruled out another increase if inflation risks persist.
ASIC Eyes More Than $800M in Fines
Freedom of information data shows ASIC had already secured $423.8 million in civil penalties by April, quadrupling the total recorded in the previous financial year.
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Australian Employers Face Deadline as Payday Super Rules Begin
Businesses must ensure their payroll systems are ready for payday super requirements from July 1, with the reforms designed to make superannuation contributions more timely and closely aligned with employee pay cycles.
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FDC Eyes July Listing With $400M IPO
Construction and fit-out group FDC has lodged its prospectus with ASIC and confirmed plans to raise $400 million ahead of a proposed ASX listing, as the company targets continued growth in revenue and project delivery nationwide.
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myID Expansion to Private Sector Comes With User Fees
Australian businesses will be able to access the government's Digital ID system from late 2026, with a cost-recovery model requiring users to begin paying for myID services from 2027.