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Showing 91 - 100 of 662 results for "expenditure"

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
The government will double the concessional tax rate for superannuation balances over $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
Australia's sustainable pension expenditure stands out from other advanced economies' retirement income systems, an ASFA report says. ASFA's Cost of pensions across advanced economies report said Australia's government pension expenditure ...

Adviser pay, incentives disparity revealed

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
... found that staff pay now accounts for 48 cents of every dollar of revenue generated and represents 63% of all business expenditure.

The great super cover up is over: Bragg

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
... notices. "They [the government] need to bring forward legislation or regulation requiring APRA to publish relevant expenditure by all superannuation funds, for political purposes and for profit, all in the one place," McKim said.

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... cost rising to 2% of GDP, up 0.5% since the turn of the century. "Super tax concessions now rank in the top three expenditure programs in Budget 2022-2023, costing more than the NDIS and on par with the cost of the entire Aged Pension," Australia Institute ...

Inflation remains high priority in 2023: Treasurer

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... important part of the government's economic agenda this year but not the only part. He said: "There'll be a new Tax Expenditure Statement this month, we receive the RBA Review next month, there'll be an Employment White Paper and an Intergenerational ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... have undertaken self-assessments on the themes identified in its reviews on strategic and business planning, fund expenditure and unlisted asset valuation practices, as well as having plans to address deficiencies. "Assessment of trustees' progress will ...

Consultation opens on NALI amendments

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... "The maximum amount of fund income taxable at the highest marginal rate would be five times the level of the general expenditure breach, calculated as the difference between the amount that would have been charged as an arm's length expense and the amount ...

Global X launches global carbon ETF

CHLOE WALKER  |  WEDNESDAY, 14 DEC 2022
... launch of GC02, Global X head of investment strategy Blair Hannon said that international political pressure, capital expenditure and built-in supply declines will contribute to the growing investment case for carbon allowances. "We are witnessing a ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... which aims to be a single source of granular, consistent information for members to compare funds' performance and expenditure. Further, the government will reform existing rules, so every reporting stream serves a distinct purpose, eliminating duplication ...