Latest news with #ASIC
Yahoo
13 hours ago
- Business
- Yahoo
Aussies discover simple money trick to $1,400 cash boost: 'Need it so bad'
Australians are being urged to check out the state and federal tools that can reunite them or their loved ones with money that's just gathering dust. Every jurisdiction has its own unclaimed money register, and there is a lot of cash waiting to be grabbed. While each site might look a little different, you only need to type in your last name, your suburb, and your organisation name (if applicable) and it will show whether you're owed any money. Queenslander Renee Gracie tried it and was shocked to see she had $142 in her name. "I clicked on how to claim, and it makes you fill out a form, you submit it, and they give you the money back," she said. RELATED $20 billion in Medicare and ATO superannuation waiting to claimed by Aussies ATO issues July 1 warning to Aussies waiting on $1,500 tax refunds Centrelink $836 cash boost for 'very real' truth facing thousands of Aussies "It's a good little hack. Highly recommend for whatever state you're in... and see if you are owed any money." The unclaimed money has many origins. Some are from dividends, unpresented cheques, superannuation, deposits, a payment or overpayment, refund, trust funds, and other sources. They can also stretch back decades, with a search through NSW's records showing money from the '90s and '80s popping $142 might not sound like much, there are much bigger cash piles waiting to be claimed. People who checked their state or territory registries were blown away by the money that was in their names. "Owed $1,000 from an insurance company. Winner winner," said one Aussie. "Nothing for me but I found $410 for my partner and $530 for my dad! Owed from 1981," added another. "Apparently I'm owed $950, I need it so bad," wrote a third. A fourth commented: "I found 6 figures in total for 5 family members $1,400 for myself I was just amazed." There is a federal register as well as one for every state and territory. Usually, you'll have to lodge a claim against the money and upload certain identity or personal documents in order to claim the cash: New South Wales: Revenue NSW Victoria: State Revenue Office (SRO) Queensland: Public Trustee of QLD South Australia: Treasury and Finance SA Western Australia: WA Treasury Tasmania: Department of Treasury and Finance Australian Capital Territory: Public Trustee and Guardian Northern Territory: Territory Revenue Office/Public Trustee National: Moneysmart In a word — billions. It could be unclaimed superannuation, leftover money in a bank account, life insurance, or any other type of cash that didn't know where to go when it couldn't find its rightful owner. "Under the unclaimed money laws, organisations are required to send unclaimed money to the Australian Securities and Investments Commission (ASIC)," the Moneysmart website states. "ASIC maintains the unclaimed money records and assists in the process to reunite unclaimed money to the rightful owners. "Unclaimed money sent to ASIC is transferred to the Commonwealth of Australia Consolidated Revenue Fund." According to the Australian Taxation Office (ATO), there's $16 billion just in unclaimed super. So, it's worth checking your name, and your family and loved ones names, just in case they have some cash lying in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Australia's Securities Regulator to Probe ASX After Collapsed Blockchain Project
Australia's Securities and Investment Commission (ASIC) has turned to three of the country's most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange's doomed blockchain project. ASIC launched the inquiry on June 16 over 'ongoing concerns' it and the Reserve Bank of Australia expressed about the exchange's ability to run stable and secure market plumbing. Those concerns intensified when ASX scrapped a blockchain-based upgrade to its CHESS settlement engine in 2022, forcing a costly reset and drawing political heat. ASIC later sued ASX over making misleading statements on the project. Rob Whitfield, a former Westpac chief risk officer and now a Commonwealth Bank director, will chair ASIC's panel. Joining him are Christine Holman, who sits on the boards of utility AGL and restaurant operator Collins Foods, and Guy Debelle, a Reserve Bank of Australia's former deputy governor. The trio will inspect ASX's governance, technical capability, and risk controls and recommend fixes for any weak spots. Their brief stretches across the entire ASX group, which handles more than A$6 billion ($3.92 billion) in trades each day.
Time of India
2 days ago
- Business
- Time of India
Ericsson to add 150 roles at Bengaluru R&D team, expand ASIC development capabilities
NEW DELHI: Swedish telecom gear maker Ericsson Thursday said it is expanding its Bengaluru research and development (R&D) team by adding 150 roles to enhance its application-specific integrated circuit (ASIC) development. 'This strategic move underscores Ericsson's commitment to enabling India to be at the forefront of future communication technology,' Ericsson said in a statement. Nitin Bansal , managing director, Ericsson India, said that expanding ASIC R&D in India will enable the vendor to leverage the local technology competence in the country towards enhancing capabilities in semiconductor design. 'This unit will also contribute towards strengthening the semiconductor ecosystem in the country. Ericsson expects to initially grow its R&D team in India by more than 150 positions,' Bansal said. 'By increasing our focus on ASIC development , we are reinforcing our technological prowess. Our investments in the Ericsson Silicon platform, in particular, will accelerate the launch of new products and innovative features to the market,' said Anna Dicander, vice president of radio & transport engineering, Ericsson Business Area Networks. The R&D expansion in India will enhance Ericsson's portfolio, and contribute to programmable networks. 'Ericsson Silicon plays a crucial role in creating high-performing, energy-efficient, and lightweight products suitable for various deployment scenarios,' Dicander said. Ericsson Silicon's range of System on a Chip (SoC) is specifically designed for mobile networks and integrated across the entire Ericsson radio portfolio, including RAN Compute (basebands), radio, and transport. This integration enables service providers to fully leverage 5G and address both current and future needs.
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Business Standard
2 days ago
- Business
- Business Standard
Ericsson expands footprint with R&D unit in Bengaluru, to add 150 positions
Swedish telecom gear maker Ericsson on Thursday said it has set up a dedicated Application-Specific Integrated Circuit (ASIC) development unit in Bengaluru, expanding its R&D presence in the country, and plans to add more than 150 positions. Ericsson India MD Nitin Bansal said expanding ASIC R&D in India will allow the firm to leverage the local technology competence in the country and enhance its capabilities in semiconductor design. "This unit will also contribute towards strengthening the semiconductor ecosystem in the country. Ericsson expects to initially grow its R&D team in India by more than 150 positions," he said. This expansion aligns with Ericsson's strategy to advance its portfolio, particularly through its Ericsson Silicon platform, which is central to creating high-performing, energy-efficient products for mobile networks, the company said in a statement. Ericsson Silicon's range of System on a Chip (SoC) is designed for mobile networks and integrated across the entire Ericsson Radio System, enabling service providers to fully leverage 5G and address both current and future needs. With R&D centres in Chennai, Bengaluru, and Gurugram, Ericsson's India operations span across telecom domains, including Transport, Packet Core, OSS, BSS, Cloud, and advanced AI technologies.
Time of India
2 days ago
- Business
- Time of India
Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks
Swedish network equipment maker Ericsson is expanding its research and development (R&D) team in Bengaluru by more than 150 positions to enhance its capabilities in Application-Specific Integrated Circuit (ASIC) development. The R&D expansion in India will serve to enhance Ericsson's portfolio of high-performing programmable networks. The team will work on developing Ericsson Silicon's range of System on Chips (SoC) for use in network technologies to fully leverage 5G and address both current and future needs, the company said in a statement Thursday. 'Expanding our ASIC R&D in India will enable us to leverage the local technology competence in the country towards enhancing our capabilities in semiconductor design. This unit will also contribute towards strengthening the semiconductor ecosystem in the country," said Nitin Bansal, managing director, Ericsson India. The company has multiple R&D sites in India, including in Chennai, Bengaluru, and Gurugram that work across telecom domains spanning Transport, Packet Core, OSS, BSS, Cloud and advanced AI technologies. Ericsson invests $5 billion in R&D annually, it added. It though didn't specify the investments to be made for the latest expansion in India. Live Events "By increasing our focus on ASIC development , we are reinforcing our technological prowess. Our investments in the Ericsson Silicon platform , in particular, will accelerate the launch of new products and innovative features to the market.' said Anna Dicander, Vice President, Radio and Transport Engineering, Ericsson Business Area Networks.
