Platform for success

Article Abstract:

The growing competition in the market for funds administration services is good news for the investors in Australia in 2004. Many companies have launched master trusts, wrap accounts and separately managed accounts, collectively known as platforms, to meet demand for sophisticated administration systems from adviser and for wider investment choice from investors.

Forecasts, trends, outlooks, Forecasts and trends, Investments, Market trend/market analysis, Financial markets, Investment management

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Shareholders win bank case

Article Abstract:

A Federal Court test case against the Commissioner of Taxation involved an off-market share buyback by St. George Bank that was won by more than 100,000 shareholders in the bank due to Helen McNeil's court challenge. According to the judgment, at the time of the buyback in early 2001, every St. George Bank shareholder had crucial tax implications.

Commercial Banks, Legal issues & crime, Legal/Government Regulation, Banking industry, Company legal issue, Cases, Stockholders, St. George Bank Ltd.

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