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Showing 1211 - 1220 of 3209 results for "Scheme"

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... their hands on the cash. Senator Jane Hume has slammed the polling, accusing ISA of seeking to undermine confidence in the scheme. Polling, commissioned by ISA, showed over one million Australians who have not been impacted by COVID-19 are intending ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... from super fund members aiming to gain early access to their retirement savings through the government's Early Release Scheme. "The way we work has shifted significantly this year without giving us much time to adjust to the 'new norm'," SuperFriend ...

Court restricts Mayfair advertising

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... Regulation Authority (APRA) and investment in its products is not covered by the Australian Government's Financial Claims Scheme (colloquially known as the 'Government Bank Guarantee' which covers deposits up to A$250,000 per depositor, per bank). As ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... Taxation Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme. An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release of superannuation ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... services in the year, and its key person was a solicitor, who could not have promoted or operated a managed investment scheme by law. It also said it would have to raise or borrow money to pay the levy. It argued against the custody fee component on ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... a time when many funds are already under pressure due to liquidity issues and the government's early release super scheme. A number of funds have devalued their unlisted assets in response to the effects of the global pandemic, leading to concerns ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... model the impact early release is likely to have including how many of their members are likely to take advantage of the scheme. So far, funds have not made this modelling public despite multiple reports questioning whether some funds have the appropriate ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... give a Statement of Advice when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can ...

Liquid and ready: Cbus

ALLY SELBY  |  THURSDAY, 16 APR 2020
... David Atkin says his $56 billion industry super fund is in a strong liquidity position to deal with the early super release scheme. And this was the case even prior to the government's Jobseeker payment announcement, he said. "Cbus paid close attention ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the Early Release Super scheme and drastically volatile markets, major funds have been hit time and time again. But, what about SMSFs? According to Rainmaker ...