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Showing 101 - 110 of 4311 results for %22US dollar%22

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... superannuation contributions have consistently outperformed benefit payments, surpassing them by an average of 30%. In dollar terms, this translates to contributions exceeding benefits by an average of $34 billion. While the SG contribution rate is steadily ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
Treasurer Jim Chalmers says the best possible response to global economic uncertainty is responsible economic management and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
ASIC cancelled the financial services licence of Binance following concerns about the cryptocurrency exchange's operations in Australia. Effective April 6, the AFSL of Oztures Trading, which trades as Binance Australia Derivatives, was cancelled. From ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... best possible outcomes." Super funds' Best Financial Interest Duty obligations will remain as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts the retirement savings of members. Stakeholder uncertainty ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... of its metering business, Vector Metering, to a newly launched QIC-managed infrastructure fund. QIC did not disclose the dollar value of its stake. Vector Metering has more than 2.3 million meters operating across the electricity and gas markets in Australia ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... first announced in May 2022. At the time, it was estimated BT Super members would see a 25% fee reduction, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing members were ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... compulsory super contributions are linked directly to salary," she said. "Because of the compounding nature of returns every dollar invested early in your working life can be worth four dollars at retirement. That means women retire with less than men ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
The potential super shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... infrastructure, the ASX may experience a dynamic shift in its competitive landscape. The ASX accounted for 82.8% of total dollar turnover in equity market products during the December 2022 quarter, but its dominance may begin to diminish as businesses ...

Barings takes over Gryphon Capital

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
The multi-billion-dollar global investment firm has agreed to acquire 100% of Sydney-based Gryphon Capital Partners (Gryphon), the parent company of wholly owned Gryphon Capital Investments (GCI). The deal aims to further accelerate Barings' entry ...