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Showing 101 - 110 of 1325 results for "AFFECTED"

Trump's tariff implications for Australian investors

ANDREW MCKEAN  |  WEDNESDAY, 5 FEB 2025
... limited, as exports to the US account for just 4% of Australia's total exports. However, certain industries could be affected if Trump introduces blanket tariffs, including on countries like Australia, or targets specific sectors such as steel and ...

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA  |  FRIDAY, 24 JAN 2025
... Lofthouse sent personal letters to customers apologising for the incident and promised a $1 million credit to participants affected. "Not being able to complete batch settlement is unprecedented and we fully appreciate the seriousness of this matter. ...

Vanguard fined US$106m for investors' massive tax bill

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... agreed to be censured, cease, and desist from future violations, and pay a total of US$106.41 million to be distributed to affected investors via a Fair Fund. "Vanguard is committed to supporting the more than 50 million everyday investors and retirement ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... analysis also shows that over nine years, Australians have missed out on $41.6 billion in unpaid super, with the average affected worker missing out on $1800 in super a year - which could mean more than $30,000 less in retirement savings. The Association ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... suffered significant financial losses. In 2023, we oversaw compensation payments by Binance of approximately $13 million to affected clients," Court said. "Crypto derivative products are inherently risky and complex, so it is critical that retail clients ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... asset limits," it said. It also observed the need for greater consideration of the potential contagion risks to or from affected underlying markets or other institutions, saying that risk analyses were generally performed on the basis that the RSE would ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
... would require measures such as tax reform to rebalance from direct tax to a broader GST, compensating those adversely affected, and removing "nuisance taxes" like stamp duty to incentivise investment, though warned "there are no quick fixes." He also ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... three million Australians were shortchanged out of $5.1 billion in superannuation entitlements in 2021-22. The average affected worker - mostly women, people in insecure work, migrants, and younger workers - lost $1800 in super, which could result in ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... members and said the fund takes "full responsibility" for its failures. "I want to apologise to all those who've been affected. When we first became aware of the magnitude of this problem, [the board] set out to rectify this problem, and something ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... fund's internal target handling time of four months from the date when the claim form was received. The fund said affected beneficiaries will be sent letters from early December detailing how much money they will be entitled to as part of the process. ...