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Showing 1061 - 1070 of 3209 results for "Scheme"

ATO implements JobKeeper changes

ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
... Office (ATO) has implemented changes to the JobKeeper employee eligibility rules following the government's announcement the scheme would be altered. The changes mean employers already enrolled in JobKeeper may be able to receive the JobKeeper payment ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... 101's launch of Australian Property Bonds was a last ditch effort by the embattled wealth manager to set up a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James Mawhinney's efforts to raise funds through Australian ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
A key promoter of a tax evasion scheme who had been living in Vanuatu for several years to avoid arrest has been jailed for six years following a 19-year joint investigation by the ATO and Australian Federal Police. Philip Northam was sentenced in the ...

LNP halts push for SG rise

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... Additionally, Morrison commented on the suggestion that profitable companies should be allowed access to the JobKeeper scheme and pass the profits onto shareholders. "Well, we obviously want the income support that we have been providing through companies ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending boom and that the program has not been used as intended by many Australians. "The analysis ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... wind up an investment group which swindled 270 investors of more than $10 million in an illegal unregistered land banking scheme. ASIC will wind up Askk Investment Group following an extensive investigation. The court found the investment scheme, which ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity for various purposes including repaying ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
The effects of the government's Early Release of Superannuation scheme could result in a 25 basis point loss for those who didn't take advantage of the scheme, according to REST chief executive Vicki Doyle. Speaking at the FINSIA Future of Super webinar ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
... going into administration. Just last month the government announced $40 billion of relief, expanding the SME Guarantee Scheme. The government is guaranteeing 50% of new loans to SMEs in partnership with 44 approved lenders for SMEs with a turnover of ...