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Showing 101 - 110 of 305 results for "Tranche"

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... applications. It appears the ATO is anticipating one final spike in last minute applications, as was the case when the second tranche opened in July. Funds will be updated in January to confirm the last day files will be sent to funds.

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... million Australians have now accesses the scheme, 1.3 million of which have accessed it twice taking advantage of the second tranche when the new financial year ticked over in July. There have been calls for a higher level of scrutiny over the scheme ...

IAPF to acquire management rights for $40m

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... be funded via IAPF's existing debt facility. "The progressive investment in the TAP fund will be funded by a new debt tranche that will be added to the existing facility agreement of IAPF," the fund said. The fund said the independent directors of the ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ahead of this evening's budget announcement. ISA ...

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Female access to ERS to widen gender super gap

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... Superannuation Trustees (AIST) and Women in Super. New data shown at the annual Women's Super Summit revealed during the first tranche of super withdrawals females between the ages of 25-34 had an average starting balance of $19,906, which is 21% less ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... withdrawal (14% to 12%), and there has been an increase in essential spending (22% to 24%)." The research found the second tranche of super withdrawal and spending follows the same trend as the first round, but at greater levels of spending. "While this ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... start of the new financial year. APRA had previously warned it was expecting a high volume of applications as the second tranche opened. In total, over $19 billion has been removed from super since the ERS scheme opened with over 2.7 million applications ...

ERS surges $7bn in a week

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications were lodged at the start of the new financial year. However, Rainmaker Information data shows this spike is ...