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Showing 1161 - 1170 of 3209 results for "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 ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... the ATO has said it is on the lookout for those who instead attempt to rort the system. One potential loophole the ERS scheme exposed was allowing a person to withdraw $10,000 only to put the money back in and claim a tax deduction on the amount. Franco ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... Thursday, APRA revealed superannuation funds haven't had any serious liquidity issues as a result of the Early Release Scheme, nor do they expect to. "Has APRA been contacted by or informed by any super fund that it has or anticipates having any liquidity ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... their longer-term financial future," Mota said. "With more than 3.5 million Australians currently enrolled in the JobKeeper scheme, and more than one million on JobSeeker, many Australians have clearly found themselves under duress because of this pandemic. ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... not-for-profits are up 6.2%." Despite fears super funds would struggle to meet the demands of the government's Early Release Scheme, APRA's data shows funds were well stocked to battle drains on their liquidity. In the three months from December ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Over $10 billion has been withdrawn under the government's Early Release of Super scheme, with 70% paid out by just 10 funds. Over the period from April 20 to May 17, payments that have been made to eligible members have taken an average of 3.3 ...

Blame put on businesses for JobKeeper error

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... the JobKeeper program. The enrolment forms completed by over 910,000 businesses who self-assessed as eligible under the scheme indicated that the program would cover around 6.5 million eligible employees. The ATO said its review found around 1000 businesses ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... oversight. "Litigation funders are currently exempt from holding an AFSL and being categorised as a managed investment scheme," Frydenberg said. "As a result, litigation funders do not face the same regulatory scrutiny and accountability as other financial ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... what the industry has proposed is a band aid solution to a problem it knew about long before the global pandemic." The scheme is aligned with the government's JobKeeper payment, and runs until September 27. Claims must be lodged before 1 January ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility criteria and to be honest ...