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Showing 1231 - 1240 of 6841 results for "Tax"

IOOF restructures technology division

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... group noted that accelerating product and platform may deliver additional synergies, which it expects to be $218 million pre-tax p.a. by FY24 but may incur implementation costs. It comes as IOOF recorded an underlying net loss after tax of $143.5 million ...

Regulation, industry to curb greenwashing

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... regulatory oversight is in place, the IMF is calling for incentives for investors to channel their flows, such as favourable tax treatments. "It is significant that the IMF drew attention to the need to ensure proper regulatory oversight of the funds ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... Conviction Trust after it was opened as an active ETF. The figures come after Magellan reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... retirement savings." Challenger does not charge investment management fees on annuities and monthly payments are generally tax free if super money was used to invest. A lifetime annuity has the potential to boost a retiree's Age Pension entitlements ...

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... director at Volt Corporation and Grassrootz. In its full year results, Magellan reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. In ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... "The Better Advice Bill establishes a single disciplinary body and new registration system for financial advisers, including tax (financial) advisers. It also winds up the Financial Adviser Standards and Ethics Authority and transfers its functions to ...

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
... trustee must also determine the meaning of retirement income for the purposes of the strategy, which includes income net of tax received during the period of retirement. This is "income paid from, or supported by, a superannuation interest in the entity ...

Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
... restraining supply of the new stock needed to address demand shortages." One of ISA's suggestions is that the government provide tax incentives to attract more long-term equity investment into residential housing by institutional investors such as superannuation ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... also have to be ready to answer different questions from clients, particularly as people get used to using the Australian Tax Office's new performance comparison tool. Parker suggested the YFYS performance test could have a positive impact in terms of ...

EQT Group dumps Iress bid

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
... will be one-off non-operating costs related to the transaction, which are expected to be in the order of $4-5 million pre-tax. Iress will soon commence an on-market share buy-back.