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Showing 111 - 120 of 312 results for "Tranche"

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ahead of this evening's budget announcement. ISA ...

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Female access to ERS to widen gender super gap

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... Superannuation Trustees (AIST) and Women in Super. New data shown at the annual Women's Super Summit revealed during the first tranche of super withdrawals females between the ages of 25-34 had an average starting balance of $19,906, which is 21% less ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... withdrawal (14% to 12%), and there has been an increase in essential spending (22% to 24%)." The research found the second tranche of super withdrawal and spending follows the same trend as the first round, but at greater levels of spending. "While this ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... start of the new financial year. APRA had previously warned it was expecting a high volume of applications as the second tranche opened. In total, over $19 billion has been removed from super since the ERS scheme opened with over 2.7 million applications ...

ERS surges $7bn in a week

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications were lodged at the start of the new financial year. However, Rainmaker Information data shows this spike is ...

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 ...

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Amid the Sargon kerfuffle and an acquisition bid, OneVue has managed to snag its single biggest client in its managed funds administration business. Australian Unity Wealth & Capital Markets (AUWCM) has signed a five-year outsourced managed fund administration ...

Chi-X releases viral TraCRs stocks

ALLY SELBY  |  THURSDAY, 25 JUN 2020
... natural that it is also informing the way Australians invest and the types of stocks they want," Jokovic said. "Our latest tranche of TraCRs allow Australian investors to gain single-stock exposure to the US companies that are at the forefront of shaping ...