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Showing 91 - 100 of 1718 results for "Minimum"

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... the sector, will pay $39.3 million. This is based on 2680 AFSLs with 15,233 advisers. In essence, an AFSL will pay the minimum levy of $1500 plus $2314 for every adviser on their books. Those that provide general advice only will pay $5.2 million. There ...

Airlie calls time on Concentrated Share Fund

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
... fund is benchmarked to the S&P/ASX 300 Accumulation Index and carries a management fee of 0.95% per annum. It required a minimum investment of $500,000. Matt Williams is the portfolio managers of the fund. Magellan gave investors the option to invest ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... deductible gift recipients (DGRs). Two types exist: private giving funds (PGFs) and public giving funds (PuGFs). PuGFs make a minimum distribution of $8800 or 4% of the fund's net asset value at the end of the previous year, whichever is greater. The ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
... with little prospect of home ownership," it said. Its analysis found that 99% of rentals are out of reach for full-time minimum wage earners, while homelessness is a reality for over 120,000 Australians on any given night. "This level of inequality is ...

Touchstone closes flagship fund

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... Index by 2% p.a. over a rolling five-year period, investing in 15 to 25 securities. It required an initial investment minimum of $25,000. According to Morningstar, the fund had $13.9 million in assets and generated 10.6% p.a. in the past year. Touchstone ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
The National Minimum Wage and all modern award minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a ...

BlackRock to list its first active ETF in Australia

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... 0.45%. It aims to outperform the broad US equity market based on six factors: value, quality, momentum, size, growth, and minimum volatility, with a "bottom-up, data driven stock selection approach." This should reduce short-term cyclical volatility ...

Franklin Templeton, Pendal funds shutter

KARREN VERGARA  |  MONDAY, 26 MAY 2025
... Currie Property Securities Fund was incepted on 31 December 1994. It had about $21.2 million at April-end. Requiring a minimum $25,000 investment, the fund aimed to earn an after-fee return in excess of the S&P/ASX 300 A-REIT Accumulation Index over ...

Stake 'breaks barriers' with inaugural fixed income product

MATTHEW WAI  |  MONDAY, 26 MAY 2025
... Stake Aus balance without incurring any exit fees. The strategy charges a management fee of 0.51% per annum and requires a minimum investment of $500, as well as $10 for any additional investments thereafter.

Wealth management has never looked better: Knox

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... are making more money than ever before. But there is a challenge in this. "Typically, financial planners are charging a minimum of $3000, more likely starting at $5000 and often $20,000 per client. The consequence and conundrum of that is you can only ...