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Showing 1321 - 1330 of 1758 results for "Covid"

Government offers guidance provision relief

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... for the next six months, after the government temporarily amended continuous disclosure provisions to help firms through COVID-19. The amendments, introduced today, ensure companies and their officers are only liable under the Corporations Act's continuous ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Right Lane is calling on high-cost super funds to urgently wed themselves to another fund or "face the consequences", as COVID-19 squeezes the industry. The firm's 2020 Industry Super Forces at Work report shows the difficulties facing smaller super ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test. Breaching ...

MetLife Australia partners with Foodbank

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... philanthropic foundation will partner with Foodbank to provide 186,000 meals to Australians from July this year to next summer as COVID-19 increases the demand for food relief. MetLife Australia and MetLife Foundation's donation represent 10,000kgs of ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19. The IAG & NRMA Superannuation Plan in February 2019 announced plans to transition to Sunsuper via a successor fund transfer ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... quarter - as private spending tanked after the government lifted the consumption tax from 8% to 10% in October 2019 - the COVID-19 pandemic lopped another 3.4% (annualised) off the economy. So much so that Japan's consumer price inflation measures ...

FASEA unclear why advisers are quitting

ELIZABETH MCARTHUR  |  MONDAY, 25 MAY 2020
... the industry in the same period, more than 1500 financial advisers exited between 1 January 2020 and 21 May 2020. Since COVID-19 hit, in the less than three months from 27 February 2020 to 21 May 2020 alone, the number of registered advisers dropped ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... structure in a bid to pay off the debt over the next decade. Rice said that in light of the damage inflicted on the nation by COVID-19, the government may choose to do more with the findings of the soon-to-be-revealed retirement income review than it ...

Outsourced trading set to boom

ALLY SELBY  |  MONDAY, 25 MAY 2020
... also be drawn upon on a demand basis, for example, when an in-house trading staff member is absent, or like now, during a COVID-situation where a business may not have the capability to trade from home and need to partner with an external party to help ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
... exposures," he said. "It happened during the Global Financial Crisis (GFC) and now we have had a repeat performance with the COVID-19 generated market turmoil in the first quarter of 2020." Balanced options in retail and industry superannuation funds ...