The manager of Kiwi Income Property Trust says it has received a proposal from ultimate parent Commonwealth Bank of Australia to internalise its management contract. Kiwi Income Properties Ltd is a unit of Australia’s Colonial First State Property, which is in turn owned by the Australian lender. The manager reaped a $3 million performance fee from Kiwi Income Property Trust …

Brian Henry, a venture capitalist who helped found Diligent Board Member Services, says a Financial Markets Authority suit alleging he manipulated the company’s shares in early 2010 “has no merit” and has already been considered by the FMA’s predecessor. The FMA’s suit contains “six claims alleging certain orders and trades made by Mr Henry in 2010 breached the market manipulation …

The Financial Markets Authority has accused Brian Henry, venture capitalist, of market manipulation of shares in NZX-listed Diligent Board Member Services. Henry was a founding member of Diligent, a company that has been marred by missteps over its administrative disclosures, before he left in March 2009. The FMA’s proceedings “contain six claims alleging certain orders and trades made by Mr …