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Showing 1351 - 1360 of 2470 results for "Budget"

Market Wrap AM

AAP  |  THURSDAY, 15 MAY 2014
The Australian market looks set to open flat following the federal budget's release, despite a positive lead from Wall street where both the Dow Jones and S&P 500 reached fresh record highs. At 0915 AEST on Wednesday, the March share price index futures ...

Budget presents huge opportunity for wealth industry

MARK SMITH  |  WEDNESDAY, 14 MAY 2014
... we allowed superannuation to swallow everything else up," he continued. "In an ironic twist, if this has been a brutal budget, then for this sector it could be one of the biggest fillip this industry has had for many, many years." Read Financial Standard's ...

Cuts to ASIC and ATO push industry to self-regulation

LAURA MILLAN  |  WEDNESDAY, 14 MAY 2014
Budget cuts to the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO) will force the industry to rely more on self-regulation. The budget is contemplating cuts of $142.8 million over the next three years ...

SPAA applauds tax changes to excess contributions

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... superannuation contributions in excess of the non-concessional contributions cap made from 1 July 2013, it has said in the budget. It said that any associated earnings in these excess contributions may also be withdrawn, and will be taxed at the individual's ...

Delay in SG rise 'disappointing', says industry

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... delay the staggered increase of the superannuation guarantee (SG) to 12% for an extra year, it has revealed in the 2014/15 budget. On 1 July 2014, the SG will go up to 9.5% and will remain at that level until 2018, when it will rise at a rate of 0.5% ...

Market wrap

AAP  |  WEDNESDAY, 14 MAY 2014
The Australian share market has opened lower as two major banks trade ex-dividend. The federal budget, unveiled on Tuesday night, was fairly positive for businesses and had little consequence for the share market, Commsec market analyst Juliana Roadley ...

Masseurs Tony and Joey

BENJAMIN ONG  |  WEDNESDAY, 14 MAY 2014
Phew! Well that wasn't so bad after all. Yes Virginia, if you didn't fall asleep listening to Treasurer Joe Hockey's budget speech last night - mainly because most of the measures Joey mentioned were already drip-fed to us days in advanced - you'll ...

Market wrap AM

AAP  |  WEDNESDAY, 14 MAY 2014
Australian market looks set to open flat following the federal budget's release, despite a positive lead from Wall street where both the Dow Jones and S&P 500 reached fresh record highs. At 0645 AEST on Wednesday, the March share price index futures ...

Budget forces advisers to rethink tax, retirement strategies

LAURA MILLAN  |  TUESDAY, 13 MAY 2014
... Financial advisers will have to review their clients' tax and retirement strategies, following the release of the 2014 budget. Treasurer Joe Hockey confirmed that the Age Pension eligibility age will rise to 70 by 2035 and he said that the government ...

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
Industry Super Australia (ISA) Director of Public Affairs Matt Linden said the budget was a "missed opportunity to find small innovative solutions," saying the changes could result in a 25% decrease in retirement income for many Australians. He said ...