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Showing 121 - 130 of 1325 results for "AFFECTED"

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 at retirement. Under the changes, an individual's Superannuation ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... facing on average just under $50,000 in additional tax liability," he said. "This could particularly impact the 36% of affected SMSFs that hold direct property, making it challenging to manage tax obligations given the illiquid nature of these assets. ...

Consultation begins on new merger notification thresholds

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... mandatory notification will be triggered if mergers meet new market concentration thresholds, including a share of 25% of an affected market where the Australian turnover of at least two of the parties, including the acquirer group, is at least $20 million ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... reason for the increase after GDP growth declined from 4.27% in 2022 to 3.02% in 2023. The real estate sector was the most affected by economic instability, inflation, and rising interest rates, while the travel and tourism sector saw a decline in zombie ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... potential breaches and issues with input from an independent expert. It pledged to rectify areas of concern, remediate affected members, and continue to enhance its governance controls, risk management and processes for acting in members' best interests. ...

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... remuneration structure. Consequently, chief executive and managing director Jeff Peters' employment contract will be affected. This means Peters will receive an initial grant of performance rights of $1.5 million in face value in the form of deferred ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... attractive for banks to serve. "While the Pacific is not unique in facing this challenge, it's an area that is badly affected by it." Elliot suggested that official sector coordination from governments and multilaterals committed to supporting the region ...

Aviva exits Australia, shutters fund

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... addition, there has been a significant redemption which has dramatically reduced the size of the fund and therefore further affected its viability." The fund was managed by Peter Fitzgerald and Ian Pizer, who are based in London. The fund only had $154.5 ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... unacceptable circumstances in relation to the affairs of Sequoia." It also said that it appears the "unacceptable circumstances" affected the control or potential control of Sequoia and the acquisition or proposed acquisition by a person of a substantial ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... taking action to raise public awareness of financial abuse, creating a central source of training and support for those affected, establishing a hotline for consumers and service providers, reviewing the privacy and whistleblower protection laws, harmonising ...