Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 991 - 1000 of 6745 results for "Profit"

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... additional shares often at a discount to the market price, the creation of temporary rights or options that can be sold for a profit, and the ability to sell shares and receive a benefit that can be tax advantageous depending on the shareholder's ...

EOFY tips for advisers

KARREN VERGARA  |  WEDNESDAY, 30 JUN 2021
... refund for taxes that they have already paid. "If you combine that with TLE, you can potentially turn a substantial taxable profit into a tax loss. This only works for companies but not sole traders," he said. The Australian Tax Office classifies a small ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... 19.9% stake in EP1 at 62 cents a share ($29.9 million total including dividends). It says it netted a $9.1 million total profit from the sale, or an IRR of 54.9%. It is getting replaced on EP1's shareholder register by Mercury Capital, which exercised ...

TelstraSuper lowers admin fee

ELIZABETH MCARTHUR  |  TUESDAY, 29 JUN 2021
Profit-to-members corporate fund TelstraSuper, which has about $23 billion in assets under management, has lowered its admin fee. From July 1, TelstraSuper Corporate Plus, Personal Plus, Retire Access and Direct Access members will pay an admin fee ...

JANA appoints director

ANNABELLE DICKSON  |  TUESDAY, 29 JUN 2021
... delighted to welcome Srinivasan. "A key strategic driver for JANA is to continue to grow our client base across the not-for-profit, superannuation and insurance sectors. Sai will play a leading role in supporting JANA to meet our growth plans, through ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
Stonehouse Financial Group has acquired the books of a long-serving risk adviser who will leave the industry to pursue other interests. Financial adviser Greg Owen has sold his practice GJO Financial Services for an undisclosed amount to Jeremy Chiel ...

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
... and both funds have a deep respect for each other's distinctive achievements, performance track-record and for-member profit ethos and values," Hostplus chief executive David Elia said. Intrust chief executive Brendan O'Farrell said in executing ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
Despite the raft of reforms aiming to make superannuation more attractive, wealthy Australians should consider supplementing their nest eggs, a wealth management expert says. HLB Mann Judd wealth management partner Michael Hutton says the passing of ...

Teachers Mutual launches neobank

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
Australia's largest mutual bank has launched a digital bank to meet the needs of essential workers and appointed a chief digital bank officer. Hiver has been created for essential workers in education, emergency services and healthcare sectors and combines ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
The Association of Superannuation Funds of Australia (ASFA) showed businesses can afford to pay the increase of the Superannuation Guarantee without cutting the wages of employees. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA argued ...