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| | | At the Australian Financial Review (AFR) Super and Wealth Summit, super fund chiefs agreed that the tax concessions on bloated retirement savings accounts should be trimmed. The panel on the strategic directions for super consisted of Mercer Australia ... |
| | | | ... last year to $3 million, and total expenses increased 1% to $3.2 million. Overall, the AFA reported a net loss after income tax of $113,924. AFA treasurer Samantha Robinson said to facilitate its large agenda to empower advisers through quality financial ... |
| | | | Concessional tax arrangements for high balance super funds will be reviewed by the government. Assistant treasurer and minister for financial services Stephen Jones spoke at the Australian Financial Review Super & Wealth Summit, saying the taxation ... |
| | | | ... years. The mandate includes back office and custody services, accounting, unit pricing, performance, and analytics. As well as, tax and regulatory reporting, and loan servicing. State Street has served as the fund's custodian since 2011. In February ... |
| | | | Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ... |
| | | | ... Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30. FPA member numbers decreased by 7%, even though it recorded 891 new ... |
| | | | ... introduce legislation to clarify that digital currencies (such as Bitcoin) continue to be excluded from the Australian income tax treatment of foreign currency. This measure maintains the current tax treatment of digital currencies, including the capital ... |
| | | | Assistant treasurer Stephen Jones committed to working with the finance industry to establish national standards for a green taxonomy that will define sustainable finance in Australia. Jones stopped short of committing to legislating the forthcoming ... |
| | | | ... services. SS&C's local teal will oversee the delivery of services, including fund administration, investor services, Australia tax management, and Foreign Account Tax Compliance Act (FACTA/CRS) reporting. The fund aims to generate consistent risk-adjusted ... |
| | | | ... continuing to deliver essential services. Specifically, the government said its budget commitments were underpinned by allowing tax receipts and income support to respond in line with changes in the economy; limiting growth in spending until gross debt ... |
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