Senate committee urges supervision of securities industry
The Senate Select Committee in Securities and Exchange urged broader oversight of the securities industry while stopping short of creating a full Securities and Exchange Commission. Sir Magnus Cormack warned that systemic risks require strong regulation across auditing and public companies, stressing interim measures and central supervision to curb abuses and protect investors.
MENTIONED IN THIS ARTICLE
Senate
Securities and Exchange
Ted & Iced
Securies
Securities and Exchange Commission
Magnus Cormack
Australian auditors face liability shift amid corporate fraud talks
Mr Gordon Samuels urged moving some liability for corporate fraud from auditors to investors and companies. He warned Australia has neglected complex securities and needs resources and training to handle capital market abuses, calling for reforms to heighten professional standards.
MENTIONED IN THIS ARTICLE
Gordon Samuels
Perhiph
Securites
Australia
Samuels
Europe
Fevesn
Drive
Sky
Tesiinies Indiarys
Samuel Acigd Ash
Lounset
Sydney Fe
Punter
Securiien
Canberra
Dale Oiaeds
Cor Nselves
Willy
Sin Maphit
ICIANZ to Sell Fertiliser Plant in Victoria
ICIANZ will cease fertiliser production in Victoria and agrees to sell a fertiliser plant at Vasroville on the Cuming-Smith site of the Yarraville complex to the Phosphate lev-operative Company of Australia Lud. The sale leaves Pivot j as the sole fertiliser producer in Victoria and includes equipment for superphosphate mixing and granular high velocity mixers.
MENTIONED IN THIS ARTICLE
Icianz
Vasroville
Phosphate Lev-Operative Company of Australia
Pivot J
Victoria
Cresco Festilivers
Cuming-Smith
Hcianz
Poseidon targeted by group in bid pressure move
A Australia based group, holding about 800,000 Poseidon shares, seeks Anglo American support to force changes at Poseidon Resources. The group contends delays in contracts and production are harming Poseidon and aims to push a restructuring move.
MENTIONED IN THIS ARTICLE
Canaan
Poseidon 14
Corporaion 9
Lroin
Poseidon
Average weekly earnings rise 13 percent in year March thirty one
New York Bureau reports average weekly male earnings in Australia rose 13 percent year over year ending March quarter. The gain exceeds December and prior year levels with overall wage acceleration noted. Regional figures show NSW NSW ACT and WA contributing to national rise. The commission's December wage decision is cited as influencing the quarterly increase.
MENTIONED IN THIS ARTICLE
Australia
Canberra
Actona Ystralumia
Adelaide
Zeehan
Austria
Zanzibar
States Bureau
Gure
Nsw
Act
Queensland
Sia
Abi Acalla
Nerenser Orig
Pyaterial shaWs Union
Renee
Svage
Beth Son Eige
Selection Trust in Nickel Find Near Agnew Australia
The report notes nickel assays of 1 to 2 percent from a prospect near Agnew in Western Australia. London listed shares for Selection Trust and related companies surged after the discovery news, with prices rising significantly within minutes of the market open.
MENTIONED IN THIS ARTICLE
Agnew
Kulgoogle
Western Australia
London
Frigay
AAP
Selection Trust
Alintest
of Haiiity
Wesern Selcast Pty
Jon the
Landow Slackmar
Joint Exploration Ltd
Conrad- Spargoville
Yilmia
Africa
Selection
Tyuae
Wester Australia
Selection Trant
Western
Beleast
Overseas wool support trims gains at Australian auction
Overseas buyers mostly held prices from the previous week at a major Australian wool auction. The Meld sale offered 62,836 bales with 60,771 fetched, led by Japan and Western markets amid a five buyers. Prices for wool and related metals showed small gains, with copper and cobalt values firming slightly compared with last week.
MENTIONED IN THIS ARTICLE
Sydney
Fromybe
Meld Ltd
Hourne
Leonors
Japan
Westere
Europe
United Creek
Miles Tong
JWSO
Fli Hicke
MRA to Buy Freehold Property Near Fermaville Unovn
MRA exercises option to acquire freehold near Fermaville Unovn about 19,000 acres. Plan calls for $1 million cash and transfer of assets including mineral leases and heavy earth-moving equipment. joint venture partners include Marshall Bros Giles Annes Pavinerahin Pacific and Hank of NSW with a Tokyo affiliate. Three year deal subject to directors’ consent and legal clearances for the southeastern area about eight miles south east of the proposed lines.
MENTIONED IN THIS ARTICLE
MRA
Fermaville
Ates
Pinsnettis Fereay
Marshall “Bros
Giles Annes
Pavinerahin Pacific
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Business & Economics
Securities Area
Trisituie
Strop
Amd
Varta
Marty
Cowie
Australie
Commonwealth Ohio
Ats
Ats Invemiien|yhe ‘Compeling Interests. Ine
Ptl
Aveint Corporation
Bill
Pivar
Umrailier
Bulian
Nis
Disell
Ridement Wong
Fedecall
Manin
Fiamey
Avaners
Sir Magnus Cornrack
Syaney Chartered
Mc A. McCorquounte
McCorgoudile Talitigh
Mt Prateellan
Ictant: Ltd
Vicor
Cententay
Interstate Permanent Co-Operative Building Society Limited
Canter Cinema
Bunds Strait
A.C.T
Urist Bureau
Arswick Bracken
Ausowae
OIL
Rocket
Uratiay Nsw
Wit
Ungeacomb
Leonore
Strang
Austrafis
Torrington
Peru
sTiecy IC Centre
Centrabpte
Eric Anderwina
Unen Moira
Norah Wartowe
Wedioan
Canberra “Acceptance Corporation Pty Ltd
Vansuty St. Fyshwick
Agt
Prone
Rannenen
Colquhoun & Company
Manchester Unity
Moat Street
Sai' Ae
MRA Aim
Australasia
Alc.t. Office Equipment Pty Limited
Kembla Street
Fyshwick
AS Olivetti
Detroit
Canberra Times
Melbourne
Lombard Te
Stock Exchange
Lombard Australia Limited
B Ave
Civic Square
A.ct
Tommard
Laizarartca
Olivetti
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