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Showing 111 - 120 of 752 results for "Relief"

Escala loses bid to restrain former executives

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... receive reduced employee entitlements. "The fact that the plaintiffs have elected only to seek damages and not injunctive relief against Mr Allen suggests that they regard damages as an adequate remedy so far as he is concerned," Judge Waller said. A ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... Pradeep Philip said the decision to hold rates is the correct one as businesses and households breathe a collective sigh of relief in a slowing economy. Philip pointed to Australians spending more fuel, energy, and holiday travel as the drivers behind ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... by 0.4% in the June quarter, mainly offset by exports and investments. While the recent pause may have caused temporary relief, the RBA warned that despite inflation passing its peak, the labour market remained tight and future hikes are not off the ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... products. In doing so, the government should offer members within failed trustee-directed products Capital Gains Tax rollover relief to facilitate the transition to contemporary investment options, he said. The results have also sparked calls for a rethink ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... providing financial services to wholesale clients would not need an AFSL. This will replace the sufficient equivalence relief which is already being transitioned out; once transitional arrangements expire in March 2024 foreign providers will need to ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ...

Mercer picked to advise Pengana Credit

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... construction of the portfolios. "... which will help underpin attractive floating rate income aimed at providing welcome relief to investors who are concerned about preserving the value of their money, while earning accretive returns," he said. "It has ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... including reputational harm, in violation of Section 5 of the FTC Act and whether the Commission action to obtain monetary relief would be in the public interest." In response to the investigation, OpenAI chief executive Sam Altman said he is disappointed. ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 and 2021-22. The levy is currently set at the 2018-19 level of $1142 per adviser. ...