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Showing 101 - 110 of 2045 results for "CRA"

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
Industry superannuation fund BUSSQ has lost its legal challenge against APRA, with the Federal Court dismissing its bid to overturn additional licence conditions. Last August, APRA imposed additional licence conditions on BUSSQ's trustee over concerns ...

TenCap hedge fund eyes $3bn AUM

KARREN VERGARA  |  MONDAY, 3 FEB 2025
Jun Bei Liu is ambitiously setting her sights on doubling the size of her hedge fund to $3 billion as it launches under a new outfit, TenCap. On February 1, the Tribeca Alpha Plus Fund became the TenCap Alpha Plus Fund following Liu's separation ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

SEC names acting chair, establishes crypto taskforce

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2025
The Securities and Exchange Commission (SEC) announced that US President Donald Trump has appointed Mark Uyeda as acting chair of the agency. "I am honored to serve in this capacity after serving as a commissioner since 2022, and a member of the staff ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
Laws that will double the tax on earnings of superannuation balances over $3 million, which were shelved in late 2024, will make the system fairer particularly as many are doing it tough, The Australia Institute says. The Australia Institute chief economist ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
The Australian Taxation Office (ATO) is threatening to impose a massive tax bill on KKR's takeover of Perpetual's wealth management and corporate trust businesses, which has ballooned to more than $500 million. Perpetual said it has "strong ...

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... and new dwelling prices. "The annual rise in rents of 6.7% was partly offset by an increase in Commonwealth Rent Assistance (CRA). The maximum rate available for CRA rose by 10% in September 2024 on top of the usual CPI indexation on March 20 and September ...

Payton Capital eyes 'extensive growth', hires four

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
The real estate fund manager is extending its footprint, establishing a presence in Perth and adding a second Queensland office. Payton Capital has opened an office in Perth and another in the Gold Coast, also announcing four appointees to take the ...