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Showing 1001 - 1010 of 5394 results for "Federal"

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... settlement is capped at $30 million, and Westpac said in an announcement to the ASX that the settlement is still subject to Federal Court approval. Shine Lawyers head of class actions Jan Saddler said the settlement is a great outcome for the class action ...

Draft regulation on YFYS released

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... delivered to members; and ensure that Australian superannuation funds can invest with confidence in these domestic assets," federal treasurer Josh Frydenberg and minister for superannuation and financial services Jane Hume said in a joint statement. ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... those earning $US1 million or more, the new top rate, coupled with an existing surtax on investment income, means that federal tax rates for wealthy investors could be as high as 43.4%." This one from Factset on COVID-19: "Indian COVID cases now a serious ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
... rising inflation expectations is also certain to depress stock market valuations while at the same time devaluing the US Federal Reserve's efforts at guiding the economy out of the pandemic. To be sure, US president Joe Biden's fiscal injections ...

Rest launches low-cost SRI option

JAMIE WILLIAMSON  |  TUESDAY, 20 APR 2021
... oil and gas, or lease, mine or process coal and coke are also excluded. Development of the option follows the landmark Federal Court case brought against Rest by its member, Mark McVeigh. After more than two years, the case was dismissed as Rest agreed ...

Government debt blows out 420%

KARREN VERGARA  |  TUESDAY, 20 APR 2021
The federal government's debt levels soared 420% over the last 25 years, shifting Australia up two notches on the rankings of an index to 13 th place. According to the inaugural Janus Henderson's Sovereign Debt Index, the federal government ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...