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Showing 1091 - 1100 of 4753 results for "July 2008"

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Members of $100 billion government fund QSuper have been notified of a few changes ahead of its merger with Sunsuper. After QSuper and Sunsuper executed a Heads of Agreement, confirming their intention to merge and create a $200 billion super fund in ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus. Media Super will increase its administration fee from $1.25 to $2 a week, effective from 1 July 2021. It will also ...

Kapstream co-founder announces career break

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
The co-founder of Kapstream Capital, a Janus Henderson subsidiary, will exit to take a "bittersweet" career break. Nick Maroutsos' last day is slated for 1 October 2021. He co-founded Kapstream in 2006 with Kumar Palghat, a former PIMCO executive. ...

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021. Federal treasurer Josh Frydenberg also announced last night that temporary full expensing has been extended until 30 June 2023. ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
The Commonwealth Bank has upped its indemnity bill to $252 million for dodgy financial advisers who were part of its former subsidiary Count Financial. CBA sold off Count Financial to CountPlus in mid-2019. At the time, CBA provided $200 million in ...

Equip, Catholic appoint acting CIO

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
Togethr Trustees has named an acting chief investment officer, as it looks for a permanent replacement for Anna Shelley, who is leaving for AMP Australia. Effective July 1, Darren Rosario will act in the role. Rosario is currently the head of portfolio ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has retained the low-and-middle income tax offset (LMITO) for another year and introduced a tax cut for small to medium businesses in the 2021/22 budget in a bid to create more jobs and support business investment. Low-and middle-income ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

$450 SG threshold axed

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
The longstanding requirement for workers to earn more than $450 a month to be entitled to the superannuation guarantee has been scrapped. In a move that would benefit more than 200,000 women, the need for Aussies to earn more than $450 a month in order ...