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Showing 91 - 100 of 676 results for "expenditure"

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement ...

Cost-of-living crisis will persist into future: Study

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
The financial confidence of older Australians continues to take a beating thanks to mounting cost-of-living pressures, as many feel they will struggle with it well into the future, a new study shows. Eighty percent of people aged 50 years old and over ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
In a submission to the Aged Care Taskforce, which is currently evaluating the fairness and sustainability of aged care funding in Australia, the Association of Superannuation Funds of Australia (ASFA) has voiced strong opposition to ring-fencing superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... Age Pension and supporting the economy. According to the report, mandatory superannuation will lead to a decrease in expenditure on Australian government age and service pensions from approximately 2.3% of GDP in the fiscal year 2022-2023 to about 2.0% ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... Independent Studies, penned by Dimitri Burshtein, the sovereign wealth fund stands as the Commonwealth's tenth largest expenditure, incurring an annual interest cost of $10 billion. "The $250 billion of capital currently managed by the Future Fund ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... the lack of clarity or transparency on what happens to the proceeds of enforcement activities. "ASIC has estimated expenditure of $18.2 million in 2022/23 on enforcement activity in our sector, yet recoveries are only $2.1 million. Financial advisers ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... regulatory activities. He wants to act against unlicenced operators, regulate emerging sectors as well as capital expenditure, either across a broader population or over time to recognise the wider benefits of those activities. For example, crypto assets ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... hold," he said. "So, there are issues with raising the debt ceiling continually. The US needs to get on top of its expenditure issues, it needs to get on top of attempting to move toward a more balanced budget."

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...