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Showing 1061 - 1070 of 6904 results for "Tax"

AMP warns $68m impairment expected

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
AMP said impairment charges totaling a cool $68 million post-tax will see its 2022 statutory profits take a hit. The financial services giant expects the impairments, which amount to $94 million pre-tax, to be recognised in its FY22 results. The charges ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... financial year. The new PDS will offer additional product features to the company's investment bond, expand investment options and tax optimised investment strategies. "The new PDS will give financial advisers and their clients additional strategies ...

Consultation opens on NALI amendments

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
The government has released a consultation paper outlining possible amendments to the non-arm's length income (NALI) provisions relating to superannuation funds. It explained a potential change to self-managed superannuation funds and small APRA-regulated ...

Perpetual, Pendal finalise merger

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... of our global distribution footprint; building on our leadership in ESG and realising $60 million in expected run-rate pre-tax expense synergies," he said. Adams added the client consent process has proven to be "very successful" with Pendal achieving ...

TPB bans PwC partner over breach

CHLOE WALKER  |  MONDAY, 23 JAN 2023
The Tax Practitioners Board (TPB) has barred former PwC head of international tax Peter-John Collins for integrity breaches. The deregistration, which includes a two-year ban on Collins becoming a registered tax practitioner, followed an investigation ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
The Australian government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... the release of the Quality of Advice Review (QAR) final report, while also confirming the government has not scrapped super tax concessions. A spokesperson for minister for financial services Stephen Jones said the final report from the QAR will be released ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... weighed up carefully, Howard warned. Howard added that the ability to make up $300,000 in downsizer contributions to super tax-free can boost retirement savings significantly. However, as part of retirement planning, clients who are receiving an Age ...

Future looking bright for advice: Survey

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... performing firms were managing to provide a greater number of services to a larger percentage of their clients in areas such as tax, retirement and insurance planning. Commenting on these findings, Dimensional Australia client group co-head Nathan Krieger ...

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... billionaires - a roaring '20s boom for the world's richest." Oxfam is calling on the Australian government to scrap the stage three tax cuts, and to instead implement a systemic and wide-ranging increase in taxation of the super-rich. The organisation ...