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| | | ... Government in 2008, was due to lapse on 1 July 2017. "Extending this relief will ensure superannuation fund members' balances are not reduced by tax when superannuation funds merge," Budget documents said. "It will remove tax as an impediment to mergers ... |
| | | | ... liquid asset allocations to deal with unpredictable withdrawals. There is merit in assisting first home buyers, but this is not the way." The ATO will be given the primary responsibility for administrating the scheme including; determining the eligibility ... |
| | | | ... will repay their HELP debt upon earning $42,000, dropping from the $55,000 threshold. Shorten commented that 'better days are not ahead' particularly for the unemployed, students, or if "you need to see a GP, or you're trying to buy your first home." ... |
| | | | The Federal Government has said drawdowns from the Future Fund will not commence in 2020-21 in order to preserve returns. As per the Future Fund Act 2006, drawdowns from the Future Fund were expected to commence at this point to meet the unfunded liabilities ... |
| | | | ... announcement that ADIs with less than $50 million in capital will be able to use 'bank' to describe their business. Of course, not all credit unions and building societies wish to rebrand as 'banks' but they should be able to use the term given that ... |
| | | | ... incur the levy include corporate bonds, commercial paper, certificates of deposit, and Tier 2 capital instruments. It will not apply to additional Tier 1 capital and deposits of individuals, businesses and other entities protected by the Financial Claims ... |
| | | | ... $32 billion each - confirming how Australia's commonwealth budget is paid for overwhelmingly by wage earners and consumers not the corporate sector. But offsetting this is a $70 billion infrastructure program, annual welfare and social security expenditure ... |
| | | | ... expanding into equity and debt financing to "augment" its infrastructure spending, encouraging the state and territory governments not to rely heavily on Federal grants. The Treasurer allocated $75 billion to infrastructure, with transport receiving ... |
| | | | ... than 60% of companies surveyed felt financial advice is required by the majority of the population, but importantly, they did not feel as if advice should be reserved for net worth customers only. Currently, less than 20% of consumers currently receive ... |
| | | | ... improve the financial system's productivity and international competitiveness, Treasurer Scott Morrison said. While Morrison did not specifically reference the big four banks, he said the inquiry will focus on "contestability and concentration in key ... |
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