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Showing 1 - 10 of 2263 results for "Treasury"

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... we are banking 99% of revenue upgrades this year - keeping pressure off inflation while it is still above band. With Treasury not expecting we could be back to the inflation target this year, not next." In the 2023-24 Mid-Year Economic and Fiscal Outlook ...

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... cut reduced while lower income earners will receive more relief than previously promised by the Morrison government. Treasury will reduce the 19% tax rate to 16% and increase the threshold for the 37% tax rate from $120,000 to $135,000. Treasurer Jim ...

Budget 2024: Change to foreign investment rules

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... investments in non-sensitive sectors will be streamlined and approved faster for investors with a good compliance record. Treasury will assess the investor, the target of their investment, and the structure of the transaction. This comes after the Albanese ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... and other sustainability-related financial misconduct. A further $1.6 million will be given over two years for ASIC and Treasury to consult on the design of a labelling regime to regulate the use of sustainability labels on retail investment products. ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... currently at play isn't ideal as the tests have not changed since 2002 and have not kept up with the times. Last August, Treasury conducted a review of the regulatory framework for managed investment schemes (MIS). This included reviewing thresholds ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... associations developed a proposal to change the current education standards for advisers that has been discussed with Treasury. "There's recognition by both government and the opposition that the current state of the financial advice industry is ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the AOFM to act as a risk manager ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... make it quite difficult under the current testing framework, given the objective to minimise tracking error, he said. Treasury closed its latest YFYS performance test consultation on April 19, which sought feedback on alternative design options. Chu ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent". Treasurer Jim Chalmers today released an updated foreign investment ...

The risks and opportunities in advice: SIAA

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... advice expands to other service providers. "We're very supportive of the reforms. We've been working closely with Treasury in their roundtables to provide guidance in the drafting. We're keen for things to move forward. But we're also ...
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