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Showing 1061 - 1070 of 11414 results for "Rate"

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... 2025-26, the proposed law states that for members with total superannuation balances of $3 million, the concessional tax rate of 30% will apply. Those with less than $3 million will be taxed at 15%. The proposed changes housed under two draft legislations ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... market. The group insurance sector saw a 3.7% year-on-year increase in inflows, with Zurich reporting the highest growth rate at 16.4% to hit $322 million, followed by the largest provider TAL with 6.1%. TAL still retains 42% of this sector with $3 billion ...

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
Fifteen superannuation funds have been named ESG Leaders by Rainmaker Information. The ESG Leader Rating is earned by Australia's best super funds that are implementing environmental, social and governance (ESG) principles to a high level, while ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... numbers might indicate a potential easing of inflation but remain above the Reserve Bank of Australia's (RBA) target rate of 2 to 3%. "The monthly CPI indicator rose by 5.2% year on year on year, in line with market expectations, which represents ...

New fund targets 'blue chips of tomorrow'

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2023
... five-year period. Typically, this precedes periods of strong returns by small cap funds, it said. "The end of zero interest rate policy and the end of the dominance of private market capital presents a smorgasbord of small cap opportunities which are ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  WEDNESDAY, 27 SEP 2023
... with the least has blown out over the past two decades, with the average wealth of the highest 20% growing at four times the rate of the lowest, new research suggests. A new report by the Australian Council of Social Service (ACOSS) and the University ...

Coolabah Capital launches new active ETP

ANDREW MCKEAN  |  WEDNESDAY, 27 SEP 2023
... Income Fund (FRNS) aims to offer daily liquidity returns that exceed a benchmark of the Reserve Bank of Australia (RBA) cash rate plus 1.5% to 3% per annum, after fees. The fund also seeks to maintain an average A credit rating and focuses on low interest ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... of customers incurring capital losses. Bobbob also made representations that the product earned all customers an interest rate of 7.6% per annum from the time they invested. Additionally, the regulator has accepted a court enforceable undertaking from ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
Many large licensees are failing to proactively remediate clients in a fair and timely manner, operating under a framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
... maximum work bonus balance limit of $11,800 rather than $7800. Further, the government will double the employment income nil rate period to almost six months (12 fortnights). This will reduce barriers for income support recipients to take up work by ...