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Showing 1141 - 1150 of 3208 results for "Scheme"

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... related parties, and GST matters such as GST registration requirements, correct reporting and the application of the margin scheme." The ATO also warned that where an SMSF conducts a property development, care needs to be taken that the parties are dealing ...

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
Around 177,000 applications for the Early Release of Super scheme were received in the week ending May 31, as the total approaches two million. Since the inception of the scheme in mid-April, payments that have been made to eligible members have taken ...

Commonwealth Super names new chief

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUN 2020
Commonwealth Superannuation Corporation (CSC) has named a new chief executive, hiring a former industry fund chief. Damian Hill, who was chief executive of Rest for 12 years, will now lead the $50 billion government fund. His appointment comes as CSC's ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
... confirmed about 1.78 million people have now applied to access their super under the government's early release of super scheme. This equates to about $14.5 billion in withdrawals, she said. "That initiative has been working very well, which is a ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... voluntarily decided to support their members, even though this required finding solutions to constraints in the State Super Scheme legislation," the spokesperson said. "One of these requirements is that members need to provide a written consent to allow ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
Technically, we're not there yet but Federal Treasurer Josh Frydenberg opted not for a stay of execution and acknowledged that Australia's 29-year recession-free run is over. "Well, the answer to that is yes. And that is on the basis of the ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management have fallen nearly 4%, with ...

Housing affordability improves

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... increase of 23.1% compared to the March quarter 2019," he said. "With the introduction of the First Home Buyer Deposit scheme on January 1 we expect that share of first home buyers will continue to grow." First home buyers decreased in all states and ...

FSC calls for SMSF access to infrastructure

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... invest should exist for all Australian companies. In addition it called for the government to establish a co-contribution scheme for Australians who have accessed the Early Release of Super scheme and wish to replenish what they removed. "The government ...

Global manager rolls out local access to alternatives fund

HARRISON WORLEY  |  WEDNESDAY, 3 JUN 2020
... diversified alternatives. Janus Henderson is rolling out its Global Multi-Strategy Fund in an Australian managed investment scheme structure today, in a move designed to help local wholesale retail and institutional investors increase their access to ...