Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.
News and discussions from Novus Capital
ASIC imposes first DDO stop orders as it focuses on DDO compliance The recently introduced Design and Distribution Obligations (DDOs) were introduced to help consumers obtain appropriate financial products by requiring issuers and distributors to have a consumer-centric approach to designing and distributing products.The DDOs require an issuer of financial products...Read More
New South Wales pre-election budget firmly focused on reformOn Tuesday, 21 June 2022, NSW Treasurer Matthew Kean handed down his first State Budget, with $27b of commitments focused on reinvigorating the economy through a record spend on infrastructure, and measures to support families, household budgets, sustainability, and the clean economy.The...Read More
The Federal Court has ordered Westpac to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.The six matters against Westpac relate to:Fee for no service – Deceased customers (Penalty $40M)General Insurance - Westpac distributed duplicate...Read More
1. Utilise incentives to upskill your workforceCan you use the skills and training boost for financial support to upskill your workforce?SME businesses will get an additional 20% deduction for the cost of external training courses provided to employees. There is no cap, but the course needs to be delivered by...Read More
M&ALast year saw a significant increase in the number and aggregate value of M&A transactions. The aggregate value of M&A Transactions in Australia increased by an incredible 75% on 2020 to $43 billion.Foreign buyers accounted for 29% of the volume of transactions in Australia and 55% of the aggregate value...Read More
IPO market hits decade high2021 was an exceptionally strong year for initial public offerings (IPOs) with the market recording the highest number of new floats in a decade, and more than the previous two years combined.IPO Watch Australia Report Summary 191 new listings on the ASX in 2021Total funds raised for...Read More