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Showing 1111 - 1120 of 6841 results for "Tax"

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... said it will reduce the eligibility age further to 55. Australians approaching retirement would then be able to make a post-tax contribution of up to $300,000 into their superannuation account after they sell their family home. While the eligibility ...

Magellan offloads GYG stake

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... comprising high-net-worth individuals. The sale price represents a 36.3% profit on the initial investment, or $34 million pre-tax. Magellan only acquired the stake in January last year; it also owns 40% of Barrenjoey. Magellan may also be entitled to ...

Class Trust adds lodgment functionality

JAMIE WILLIAMSON  |  FRIDAY, 6 MAY 2022
... set to release an Electronic Trust Lodgment functionality as part of Class Trust, removing the need for manual lodging of tax returns. Class said the addition of the functionality will reduce manual processes and the time involved in lodgment, providing ...

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The longstanding chair of the $6.5 billion industry fund has stood down, with Nick Sherry appointed to the role. Effective this month, Sherry will lead TWUSUPER's board, drawing on his experience as Australia's first minister for superannuation between ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' investigated unpaid super claims has led to it collecting a dismal 15% of what ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000. The growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came in above expectations and well above ...

AMP offloads remainder of Collimate Capital

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... expected to be an increase of about $1.1 billion, while the costs associated with the two transactions is about $20 million post-tax. "As AMP finalises its capital and liquidity requirements, it is the board's intention to pay down a portion of its outstanding ...

Australian economy outperforms: Austrade

CHLOE WALKER  |  WEDNESDAY, 27 APR 2022
... reopened in February 2022." Meanwhile, Australia's household consumption is expected to improve as restrictions ease. Major tax incentives should also trigger the strongest boost in business investment since the mining boom, it said. Australia's growth ...

Retired Aussies deserve more: Household Capital

CHLOE WALKER  |  TUESDAY, 26 APR 2022
The independently owned retirement equity provider has called out superannuation funds to provide more solutions for their members in retirement and aged care. Joshua Funder, Household Capital's chief executive, said that many Australians do not have ...

ISA uncovers disgraceful regional gender super gap

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
Industry Super Australia has said women in their 40s that live in regional Victorian city Bendigo have half the superannuation of men. It's believed this large divergence first expanded when many local women took time out of the workforce to have children. ...