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Showing 101 - 110 of 284 results for "Levy"

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... advisers and product providers have to be a part of the scheme and pay a lump sum and yearly provision similar to the APRA levy across regulated funds. The AIOFP wants to see separate boards addressing compensation cases related to poor financial advice ...

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
... transactions and default rates sit at less than 1% of the total transaction volume of about US $9 billion, its co-founders Richard Levy and Brendan Carroll said on a recent visit to Sydney. Among its investors are the sovereign wealth funds, pension ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... of $18,000 plus $7.35 for every $1 million of assets under management (AUM) above the $250 million threshold. The actual levy is a minimum of $18,000 plus $8.83 for every $1 million AUM over the $250 million threshold. An ASIC spokesperson told Financial ...

ASIC alters adviser levy

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... Association of Australia head of policy and standards Ben Marshan has pointed out that ASIC has quietly altered the per adviser levy recently. Marshan told Financial Standard that financial advice businesses which have budgeted for levies for the year ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... Goods and Services Tax. In comparison, it's worth reminding ourselves that opportunistic initiatives such as the bank levy raised only $1.6 billion this financial year which is just 0.3% of total receipts. The Commonwealth Government raises more ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... run-up to the election and Australian taxpayers are unlikely to face a rise in taxes. "After all, the increase to the Medicare Levy was axed last year," he said.

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... rate is not discounted, but the 30% tax rate is now lower than the 25% discount to the top marginal tax rate plus Medicare levy of 35.25%," he added. On the potential loss of franking credit tax refunds, Philpot said this measure disadvantages those ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... than $28 million on the financial advice sector as a result of its new cost-recovery funding. In addition to the minimum levy of $1500, licensees providing personal advice to retail clients on relevant financial products contributed $934 per adviser ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
... doesn't qualify them to receive full Age Pension can pay some income tax. It also wants seniors to start paying the Medicare levy when they become liable to pay some income tax. "They would then pay a similar amount of tax to younger workers with ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
... Scheme (FCS) and thereby treated as stable. This is further compounded by the Net Stable Funding Ratio and the Major Bank Levy. "Because unstable deposits require banks to hold more low-yielding liquid assets than in the case of stable deposits, the ...