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Showing 1151 - 1160 of 3208 results for "Scheme"

No slowdown in sight for ERS applications

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
Despite COVID-19 restrictions easing across the country, applications for the Early Release of Super scheme have shown no sign of slowing, according to APRA's weekly data. Over the week to May 24, superannuation funds made payments to 220,000 members ...

Super withdrawals being misused

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... system may need to be more tightly controlled. Spending for those who accessed their super early increased, although the scheme was designed to support people in financial hardship. On average, people withdrew $8000 and spent an extra $2855 in two weeks ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
ASIC has cancelled the Australian financial services licenses of Western Australia-based, Personal Risk Management and Melbourne-based Australian Golden Securities ASIC said Personal Risk's cancellation took effect on 21 May 2020, after the company ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... premium to the 12-month VWAP. OneVue's board is unanimously recommending the offer. The two parties have entered a scheme of implementation agreement after a period of due diligence. IRESS said the scheme of implementation is subject to conditions ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... changes are appropriate. It will also look into the administrative hurdles faced by companies in setting up an employee share scheme and whether improvements can be made there.

ASIC bans Linchpin directors

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
ASIC first banned the three from providing any financial services for a period of five years in November 2019 but they appealed the decision. They applied for a stay of the decision and a confidentiality order preventing ASIC from publishing information ...

ERS emerges as tax loophole for expats

ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme has opened up a handy loophole for expats living in Australia, helping them withdraw their super balances tax-free. Normally, temporary Australian residents would face a 35% tax on the taxable component of their ...

Super release widens gender gap: AMP

ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme is widening the gender superannuation gap, as a higher proportion of women draw down on their super savings to weather the COVID-19 crisis. The analysis, coming out of AMP, found that 21% of women were withdrawing ...

Super fund appoints strategy lead

JAMIE WILLIAMSON  |  FRIDAY, 29 MAY 2020
... APRA's most recent stats, Crescent Wealth has so far paid $9.4 million to members as part of the early release of super scheme.

FICAP sponsors donate $150k despite postponement

JAMIE WILLIAMSON  |  FRIDAY, 29 MAY 2020
... continue to support children during this difficult time, saying SHINE for Kids has been able to facilitate a technology loan scheme after it found only half of the families it supports had device and internet access. As a result, SHINE has been able ...