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Showing 1231 - 1240 of 11416 results for "Rate"

Sales-oriented fear stunts expansion goals: Survey

KARREN VERGARA  |  FRIDAY, 12 MAY 2023
... new clients have some processes in place, either formal (49%) or informal (49%). Firms growing at a significantly slower rate are much more likely to have no process (20%) or an informal process (57%) in place for actioning on prospect leads. "New business ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
The Australian Financial Complaints Authority (AFCA) received close to 1500 complaints about superannuation funds over the course of the COVID-19 pandemic. Releasing data now that the World Health Organisation has declared the pandemic over, AFCA said ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... and more people, particularly those who have an SMSF." Hutton further pointed out that it's misleading to say the tax rate will only jump from 15% to 30%. "The way it works is the bit above the $3 million will attract extra tax," he explained. But ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... will most impact the financial services industry, the government remained firm in its plan to double the concessional tax rate from 15% to 30% for super balances above $3 million. However, the SMSF Association called for the government to reopen the ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... jobs and suppress unemployment levels. "In this environment, inflation remains our primary economic challenge. It drives rate rises; it erodes real wages. Which is why this Budget is carefully calibrated to alleviate inflationary pressures, not add to ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... payments and aged care expenditures, are meanwhile growing strongly but only by 7% each, which pretty much matches the inflation rate. Against this, while the government is making a big deal about its policy decision to increase the Petroleum Resources ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... recipients and advocacy groups, 1.1 million Australians receiving Austudy, JobSeeker and Youth Allowance will have their base rate lifted by $40 per fortnight. Additionally, 52,000 single JobSeeker recipients between 55 and 59 will see their base rate ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
Australia's inflation rate, expected to fall from 6% now to 2.75% by 2025, shines a light on Australia's government interest payments and with it, Australia's relative debt position. At June end 2022, there was $895 billion in Australian government ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... eligible single parents, of whom around 91.1% are women, will transition to Parenting Payment (Single) with the current basic rate of $922.10 per fortnight until their youngest child turns 14. This is an extra $176.90 per fortnight compared to the current ...