Tag: Australia

October 13, 2023 BY Elizabeth Anderson

UGL lands significant contract with Power Network Services in Victoria

A growing demand for power infrastructure upgrades underpins this contract. As it stands, the deal can potentially generate $80m in UGL revenue. The agreement also includes options for extension.  The CIMIC group is a diverse engineering-based enterprise focusing on construction, mining, relevant services, and public-private partnerships. UGL is the service specialist branch of this business. Don’t…

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October 11, 2023 BY Elizabeth Anderson

GMHBA announces appointment of Michael Sammels to its board

The newly-appointed GMBHA board member previously held the position of chief financial officer at both Medibank Private and Healthscope. In this role, Sammels gained extensive knowledge and experience in private health insurance and hospital landscapes. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The company believes his expertise in finance, accounting, capital developments, and…

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Qantas Airline faces lawsuit over fraudulent flights
September 01, 2023 BY Elizabeth Anderson

Qantas Airline faces lawsuit over fraudulent flights

The crux is that these flight cancellations were typically due to circumstances that fell within the airline’s control, including re-routing, availability of landing and take-off runways in airports, and consumer demand.   In the court filing, the watchdog Australian Competition and Consumer Commission suggested that tickets remained available on various airline comparison sites and Qantas’ website…

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August 30, 2022 BY Alan Sayer

Andrew Tobin Appointed as Australian Securities Exchange CFO

Andrew is an accomplished CFO and executive leader with more than 30 years' experience in various group finance and audit roles in Australia and Asia. He is an excellent addition to our team, said Helen Lofthouse, ASX's Managing Director and CEO. His ability to think strategically and commercially, his partnership approach, and extensive expertise in…

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August 26, 2019 BY Valentina Kirilova

ASX to work with Digital Asset and VMware on DLT initiatives in Australia and New Zealand

The Australian Securities Exchange (ASX) announced today that it has teamed up with distributed ledger technology (DLT) specialist Digital Asset (DA) and VMware. The exchange has signed a three-party memorandum of understanding (MoU) to work together with the other two companies on DLT initiatives in Australia and New Zealand. This will include the development of…

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smartTrade increases presence in Australia, strengthens partnership with NAB
July 31, 2019 BY Valentina Kirilova

Clearstream completes Ausmaq Limited acquisition

Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…

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ASIC office
June 18, 2019 BY Valentina Kirilova

AFCA Rules change for legacy complaints approved by ASIC

Australian regulator ASIC informed today that it has approved changes to the Australian Financial Complaints Authority (AFCA) Rules which give effect to the AFCA authorisation condition introduced by Government on 19 February 2019. The Government requires AFCA to give expanded access to the AFCA scheme for consumers and small businesses that were harmed by financial…

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September 25, 2018 BY Mariela Naydenova

Australia shuts down fake ICOs

ICOs have been very popular with investors and even teenagers. Youtube videos now teach people how they can create an initial coin offering of their own. And while some say they will surpass the IPO market at some point, some countries are still on the "watch-out" for this type of fundraising. One recent example is…

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