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Showing 1221 - 1230 of 1758 results for "Covid"

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... "Compliance remains one of our priorities to ensure the integrity of the tax and super system," the ATO said. "We have seen some COVID-19 early release of super examples where people are doing the wrong thing. In some cases, we have stopped applications ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
... events. "The start of 2020 has seen an explosion of scams exploiting the bushfire crisis in Australia as well as the global COVID-19 pandemic," she said. "At a time when Australians can least afford to lose money to scammers we need more than ever to ...

Chief economist update: Victoria's Cinderella moment

BENJAMIN ONG  |  MONDAY, 22 JUN 2020
... consumer confidence... We can't afford to again shut down an already deeply struggling national economy because of localised COVID-19 outbreaks." Health before wealth. Australian Medical Association (AMA) president Tony Bartone warned that:"Any continued ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...

FASEA schedules remaining 2020 exam dates

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... sessions during the three months, with advisers having the choice of either the online or face-to-face option, depending on COVID-19 related requirements of the time. The August exam is open for registration until July 24, and already has over 2200 advisers ...

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this year, with full-time ...

S&P warns of record fallen angels

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... corporate bond purchases may help buffer the market. "The Federal Reserve's April 9 announcement that it would be including COVID-19-era fallen angel credits in its corporate liquidity facilities has helped to settle market jitters, and pump up issuance," ...

EM winners, losers emerge in COVID-19 struggle

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... "Over the past couple of weeks, we have begun to see the return of geopolitics as a driver of the markets," he said. "While COVID-19 continues to be front and center as a macroeconomic, societal and market force, some of the same issues that were prevalent ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... latest OECD (June report) was kinder, predicting the country's jobless rate to rise to 7.4% this year (under a single covid hit scenario) or 7.6% (under a double-hit). The gradual relaxation of social interaction and loosening of lockdown restrictions ...

Volatility wreaks havoc with heat map measures

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... indicators in APRA's MySuper heat map has largely disappeared thanks to the volatility imposed on financial markets by the COVID-19 pandemic. Frontier Advisors' analysis points out the three year performance to 30 June 2019 of each MySuper fund showed ...