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Showing 1091 - 1100 of 4750 results for "July 24"

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 ...

AMP Australia announces new leadership team

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
AMP Australia chief executive Scott Hartley has announced a new leadership team and an updated operating model. Hartley will have seven direct reports. This includes three external hires, including a new managing director advice, a chief investment ...

Rest offers extra parental leave

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
Rest has increased its parental leave for employees who work full time or part time. Eligible employees can now claim 16 weeks of paid parental leave instead of the 14 weeks previously available can be taken flexibly during a 12-month period. Rest chief ...

Sunsuper raises ICR by 19bps

KANIKA SOOD  |  MONDAY, 10 MAY 2021
Sunsuper is raising the indirect cost ratio for its Balanced option by 19bps, attributing it to better performance since COVID-19. Sunsuper's balanced option currently charged ICR of 40bps per year, which totals $200 for every $50,000 invested. ...