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Showing 1021 - 1030 of 6839 results for "Tax"

Super heads support capping retirement balances

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
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 ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... 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 ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
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 ...

Rest extends custody mandate with State Street

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... 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 reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
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 ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... 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 ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... 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 ...

Jones progresses green finance standards

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2022
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 ...

Carrara Capital picks SS&C GlobeOp as fund administrator

CASSANDRA BALDINI  |  THURSDAY, 27 OCT 2022
... 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 ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... 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 ...