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Showing 1111 - 1120 of 6263 results for "Cash"

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
With everything from the price of petrol and groceries to rent and childcare seemingly on the rise, the federal government has sought to target cost of living concerns in its 2022-23 budget with a number of temporary spending measures. For starters ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
The 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ...

AMP completes GEFI sale to Macquarie

CHLOE WALKER  |  MONDAY, 28 MAR 2022
... Capital to MAM, subject to approvals. Following the transaction, AMP will receive a net completion of about $63 million in cash from MAM, reflecting expected adjustments resulting from reduced assets under management and client pricing changes. The sale ...

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... another Diversa sub-plan YourChoice Super. Those members that didn't decide will have their retirement savings sold down to cash and transferred to the ATO commencing April 11. The decision to close Brightday, MYONESUPER and Super Prophets follows ...

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... financial year. Normally, the rate is set at 10%. "A lower uplift rate will mean lower instalments, delivering $1.85 billion in cash flow support for 2.3 million small to medium businesses, sole traders and individuals with passive income (including ...

Regulators fret over hobby traders

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... Authority paper which found that many consumers would benefit from investing a portion of savings rather than simply holding cash - especially in a low interest rate environment. Despite the upside, the regulators are still concerned that those participating ...

KKR acquires real estate manager

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... acquiring all the outstanding shares of Mitsubishi Corp.-UBS Realty (MC-UBSR) from Mitsubishi and UBS Asset Management in an all-cash transaction valued at US$2 billion. MC-UBSR was founded in 2000 as a joint venture between Mitsubishi and UBS. Today ...

HESTA pushes forward with internalisation

ELIZABETH MCARTHUR  |  THURSDAY, 17 MAR 2022
... million in member retirement savings, chief investment officer Sonya Sawtell-Rickson told Financial Standard. Plans to bring cash and fixed interest in-house are well underway, and HESTA confirmed it is targeting at least 15% of its portfolio being internally ...

EQT secures RE, custody mandates

KARREN VERGARA  |  THURSDAY, 17 MAR 2022
... custodian and takes over Evolution Trustees as the responsible entity. The fund aims to achieve a target return of the RBA cash rate plus 3.25% p.a. net of fees, investing in the MCP Wholesale Investments Trust and the Metrics Master Income Trust (ASX ...

Milford adds to global product suite

JAMIE WILLIAMSON  |  THURSDAY, 17 MAR 2022
... infrastructure, utility and real estate securities with the aim of providing income and capital growth. It seeks to outperform the RBA cash rate by 4% per annum over a rolling eight-year period. It is managed by portfolio manager Daniel Simmonds and ...