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Showing 131 - 140 of 6213 results for "Tax"

HUB24 unveils new offering for lower balance clients

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
... evolve, advisers can easily transition them across to our Core and Choice offers with minimal unintended or costly insurance or tax consequences." Meanwhile, Vanguard Australia head of financial adviser services Balaji Gopal said the ability to offer ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... which superannuation trustees can charge individual members for financial advice from their account, as well as clarify any tax consequences (Recommendation 7). "Superannuation trustees should be able to pay a fee from a member's superannuation account ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
... portfolio - how it's changed from one month to another or even from one day to another, as well as information regarding their tax which is very, very complicated to put together." This, Dubois said, is why BNP Paribas is "investing a lot into its ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
The Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... performance fee revenues of $339.2 million, a shadow of the $600.1 million reported in the prior period. Statutory net profit after tax of $182.7 million followed a linear trend, down 52%. Formica conceded that the firm "may well be a target" to other ...

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
The Future Fund holds stakes in over 50 Chinese companies with links to human rights abuses and national security threats, associated with the People's Liberation Army, involved in the oppression of Uyghurs in Xinjiang, and invested in sanctioned ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
Financial advisers who are both a relevant provider and a registered tax agent now satisfy the definition of a "qualified tax relevant provider" without having to undertake specific courses, according to ASIC. The corporate regulator said it made a ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... investment fees in 2020 and an additional 2% cut in 2021. Meanwhile, starting 1 January 2024, legalsuper will no longer apply a 15% tax rebate on premiums for members with insurance in their superannuation account. The rebate amount will now be directed ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... industry, with low fees by global standards, but is missing out on the opportunity to manage offshore due to regulatory and tax policy settings that fall short of international peer comparisons," Briggs said. "The significant foreign capital managed ...

Betashares launches investment platform, targets retail investors

ANDREW MCKEAN  |  WEDNESDAY, 25 OCT 2023
... teams, aims to make the investment process as effortless as possible. It offers streamlined, personalised performance and tax reporting, thereby simplifying the administration and management of investments. The launch of Betashares Direct follows the ...