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Showing 21 - 30 of 1827 results for "Financial Year"

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... million. Such savings will likely materialise in the June quarter and "generate a material impact" on the 2024 financial year profit as the bulk of savings will progressively be realised in FY2025. "Savings will encompass both people and non-people costs ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... families. "A 5% pay increase is fair and reasonable. For some perspective, the CBA posted a $10 billion in profit last financial year. It could pay for the entire union wage claim for 2.9 million workers of 5% and still be one of the most profitable ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
The financial advice industry will be forced to pay $18.5 million to fund the Compensation Scheme of Last Resort's (CSLR) first year of operation, drawing outrage from the sector. The government released its estimates for the first and second phase ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... of funding the aged care system. Australia's aged care bill is on the rise, coming in at $27.1 billion last financial year, and predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and 95% ...

ASX-listed companies flock to private markets

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... 2024, a near 1% decrease with 106 fewer companies. By February 2024, some 110 companies withdrew from the ASX this financial year, up from 75 last year. New listings fell by 20%, with 38 new entries compared to 47 in the previous year. EQT Capital Raising ...

Aussies say they're paying too much tax

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... most likely to complain. Research by Finder found almost 13 million Australians believe they pay too much tax each financial year. According to the study, 80% of millennials feel this way, while 72% of Gen X and 63% of Gen Z do. Only 39% of Baby Boomers ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
ASIC is pushing for Prospero Markets to be wound up following revelations that it was linked to one of Australia's biggest-ever money-laundering operations. Former officers and responsible managers of over-the-counter (OTC) derivatives issuer Prospero ...

Iress loses key wealth executive

ELIZABETH FRY  |  FRIDAY, 1 MAR 2024
... officer for Iress' wealth business, comes as the firm reported a bottom-line loss of $137.5 million for the 2023 financial year. Iress posted a net profit of $52.7 million the year before. Haqqani has shifted roles three times in as many months as ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... activities." ASIC said the Bloom fund invested in General Electric from March 2022 to May 2023. During the 2022 financial year, General Electric derived 16% of its revenue from fossil fuels, ASIC said. General Electric represented 0.96% of funds under ...

QIC names next chair

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... chair." QIC has $106 billion in assets under management and delivered $4.1 billion to the state of Queensland last financial year.