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Showing 1201 - 1210 of 3209 results for "Scheme"

Industry fund revalues unlisted assets

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... assumed a 10x impact compared to Treasury's current assumptions when modelling the impact of the government's Early Release Scheme (ERS), and said its options would remain diversified even in the worst case. "Our internal data team used a conservative ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
AustralianSuper has already paid out close to $320 million to members under the early release scheme as it readies to release a further $330 million. The super fund said it has received requests from about 85,000 members so far, representing about $650 ...

Businesses urged to apply for JobKeeper

ELIZA BAVIN  |  MONDAY, 27 APR 2020
... Family Enterprise ombudsman Kate Carnell is concerned that many small businesses may not be applying for the JobKeeper scheme. Carnell said there is a concern from many small business owners that they cannot afford to pay staff up to April 30, and so ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... five days," he said. The Australian Taxation Office said it had received 975,300 registrations of interest for the ERS scheme before applications officially opened on April 20. "In terms of the number of people registering, this should be used as a high-level ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... are not as liquid as they seem. "It's been an easy and cheap investment for a long time; it's a bit like a Ponzi scheme, the more money that comes in, the more it looks like a good idea," he said. "I think what you will find is that if people ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are working closely with super funds to enable ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme. APRA has launched new data collection to assess the progress and impact of the government's temporary early release of superannuation ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... questions come after ongoing concerns about super funds ability to release members money through the Early Release Super scheme in response to COVID-19. Bragg said he wants to know when the regulator last asked funds to self-assess their liquidity and ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... superannuation offering. The wealth manager said that even when combined with the impact of the government's Early Release Scheme, the pandemic won't pose a liquidity problem for the fund, with additional stress testing showing it will meet redemption ...