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Showing 1321 - 1330 of 5396 results for "Federal"

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation funds ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... intentioned and would assist members who had lost jobs and found themselves in financial difficulties. "We support the federal government's policy to allow members to access up to $20,000 from their superannuation accounts over the course of this ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... shock from the coronavirus. Banks will act as a backstop by offering loan repayment deferrals to help landlords. State and federal governments will in turn provide tax relief, such as lifting land taxes, to landlords for waiving or reducing rents," according ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Federal Treasurer Josh Frydenberg has announced that all proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
The Full Federal Court has confirmed the directors of Storm Financial Group breached their duties as directors, dismissing their appeal of ASIC's 2016 decision. The determination wraps up an appeal against the regulator's original decision by ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... 500 has surged about 17%, however it is still down 22% from its February 19 record high. Adding to the upbeat sentiment, Federal Reserve chair Jerome Powell said the central bank stood ready to act 'aggressively' to shore up credit in the market ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... updated chart from Factset: In as much as initial jobless claims provide a leading indicator of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% in the second ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... have tested positive for the coronavirus. Anticipation of the stimulus bill, as well as positive sentiment around the Federal Reserve's new quantitative easing measures and slashed interest rates, has helped fuel US markets' two day rally. However ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... will this new-found hope repeat the short burst of confidence generated with every cent of stimulus announced by the US Federal Reserve - from an inter-meeting 50 bps cut in the fed funds rate on March 3, followed by 100bps reduction on March 15 (that ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... would end up with $423,309 in superannuation savings by the time they are 65 years old. However, if they were to avail the Federal Government's $10,000 early release measure, and withdraw that amount from their superannuation, they would end up with ...