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Showing 1211 - 1220 of 6747 results for "Profit"

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... this product. Group disability income was also in the red at $249 million. Retail lump sums was the only product to make a profit of $422 million, but this was down by 43% year on year. KPMG insurance sector lead David Kells said the industry's profits ...

BOQ sells insurance business

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... statutory loss on sale of around $27 million to $30 million. The bank said the contribution from St Andrew's to its net profit in FY20 has been immaterial after it made the decision to largely close the business after the February announcement. The transaction ...

Advice reforms to be legislated: Hume

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
After having previously been placed on hold, the single disciplinary body for financial advisers and the compensation scheme of last resort is set to be legislated by mid-2021. Speaking at the 2020 Association of Financial Advisers Vision Conference ...

Perpetual talent departs

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... for almost six years.He started his career as an associate with Macquarie. In its August results, Perpetual saw its net profit after tax fall 29% year on year. The business blamed increasing outflows from its investment business and COVID-19 for the ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... trafficking of Australia's native animals. "The illegal wildlife trade is another avenue for criminal syndicates to seek profit, this time at the expense of our wildlife, with animals transported in inhumane conditions that are often fatal," she said. ...

Brisbane Mater acquired for $122.5m

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
Mater Misericordiae, Queensland's largest Catholic, not-for-profit hospital, has been acquired by Charter Hall Social Infrastructure REIT for $122.5 million. The Charter Hall Social Infrastructure REIT (CQE) announced it had entered into an agreement ...

Aussies want to invest super in property: Research

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
Around half of Australians think property is the most secure and profitable long-term investment, compared with shares, gold, cash and fixed interest, according to new research. The survey found that 41% of Australians would invest their superannuation ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... for companies with the same criteria (turnover up to $5 billion) to offset tax losses that have been paid to generate a profit. Businesses will receive a tax refund until 2022 against losses incurred in 2018 and 2019 to assist companies that were profitable ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

Will Janus Henderson and Invesco merge?

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... the merged cost base, according to Credit Suisse. Janus Henderson would account for 20% of the AUM but about 35% of the profit (as it has higher revenue margins) and about 40-45% of the merged market cap (as it has a higher P/E), Credit Suisse said. ...