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Showing 1121 - 1130 of 3209 results for "Scheme"

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 from their ...

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... said. "Not dealing with the crisis would be the biggest waste of all." Currently the government's JobKeeper and JobSeeker scheme are scheduled to roll off towards the end of September. Daley said some emergency measures enacted to respond to COVID-19 ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... able to access another $10,000 from their superannuation as the new financial year kicks off. Under the government's ERS scheme, Australians were able to access up to $10,000 per financial year. In addition, the ATO renewed warnings of ERS scams, highlighting ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... heavily in unlisted assets, such as infrastructure and commercial developments, thanks to the government's early release scheme. "We will continue to make allocations to the unlisted sector, but our ability to do more will be somewhat constrained," ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... who was played by actor Kevin Spacey in a movie about his life, has been charged over his role in a fraudulent bitcoin scheme. Jack Abramoff, who in 2006 was sentenced to six years in federal prison for mail fraud, bribing public officials and tax evasion ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...

New fund launches on ASX

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
A newly established managed investment scheme has launched on the Australian Securities Exchange, aiming to achieve long-term capital growth. The Montaka Global Extension Fund (Quoted Managed Hedge Fund) has been launched to help investors gain access ...

HSBC hit with $2.3bn suit over Disney investments

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUN 2020
... rights on Disney films. Investors thought they were entering into a bona fide investment in the film industry and that the scheme structure had been subject to due diligence by those participating in the sale and leaseback of Disney film rights. However ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
The Australian Taxation Office (ATO) said it is building on its significant efforts, zeroing in on fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... enable the regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme on superannuation licensees. "APRA understands that RSE licensees have been under considerable pressure during the COVID-19 ...