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Showing 1381 - 1390 of 7723 results for "Currently"

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... consideration. In last night's budget, the government proposed that for SMSFs and small APRA-regulated funds, income that is currently taxable as NALI will be limited to twice the level of general expense and the income that is taxable as NALI will ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... will see it only review the activities of ASIC and APRA every five years. The Authority, which commenced 1 July 2021, currently assesses the capabilities and efficacy of the regulators every two years. However, the government has moved to change this ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... their electricity bills, and eligible small businesses up to $650. Workers receiving quarterly super: Workers who are currently paid superannuation installments from their employers on a quarterly basis will instead receive them in line with their salary ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... eligibility for Parenting Payment (Single) to include single principal carers, whose youngest child is under 14 years of age. Currently, the payment is available to eligible single principal carers with a child aged under eight years old. "In September ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... income tax in 2023-24 increase by 6% instead of 12%. Chalmers said the reduction better reflects the economic conditions currently faced by the sector. "It strikes a balance between improving cashflow for small businesses and managing income tax and ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... low-income workers who are most likely to have unpaid super. It will also increase tax revenue by $835 million. ­­ Currently, Australian employees are vulnerable to exploitation if their employer fails to make the required superannuation contributions. ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... option was the fund's Balanced option. In December that year Mine Super introduced a new Balanced option. Mine Super is currently in the process of merging with TWUSUPER, having signed a Heads of Agreement in April to form a $20 billion fund. The merger ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... investment options will change, with the bulk seeing a reduction. On the MySuper front, ART's default Balanced option currently costs $410 per $50,000 invested. From July, this will drop to $400. Fees on its Growth, Balanced, Diversified Alternatives ...

Qualitas signs $1bn credit mandate

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... sources of capital across our private credit strategies to accelerate deployment momentum. The market environment is currently placing a premium on the provision of liquidity and Qualitas is a part with the scale of capital to provide this much needed ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... the sale of Advance Asset Management to Mercer. Platforms, Westpac Pacific, margin lending and auto finance business currently remain. Specialist Businesses' net profit rose a whopping 273% to $493 million thanks to the sale of Advance Asset Management. ...