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Showing 121 - 130 of 2175 results for "Financial Year"

Macquarie half-year profit rises to $1.7bn

RIDDHIMA TALWANI  |  FRIDAY, 7 NOV 2025
Macquarie Group has a reported net profit of $1.7 billion in the first half of the financial year to September, up 3% on the same period last year. Assets under management rose by 5% from last year to $959.1 billion in September 2025. Macquarie Asset ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... per member. Excluding SMSFs, the average operating cost per super fund member grew from $230 to $237 in the 2024 financial year. In contrast, the average operating cost on an asset basis decreased from 0.24% to 0.23% largely due to the strong growth ...

Qualitas co-founder trades in equity for $53m

KARREN VERGARA  |  MONDAY, 20 OCT 2025
... Income Fund (QRI), now has $1 billion in FUM. Normalised NPAT of $37 million for the group grew 36% in the last financial year. Recurring earnings, including funds management revenue and principal income, increased by 25% and 35% year on year respectively ...

Early release of super for dental, IVF spikes in FY25

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
... approved application for early release for dental reasons. This represents a significant increase from the previous financial year where $526 million was withdrawn. The spike in people applying and being approved was also significant, with the ATO receiving ...

BUSSQ streamlines product offering

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
... product, BUSSQ said. It will also make it easier for the fund to release new insurance features over the coming financial year. "We want our members to feel empowered when it comes to their future and having the option to tailor their investment options ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... himself to review ASIC's annual reports dating back to 2018. Within them, ASIC lists the powers it has used each financial year and found Section 601FF has only been employed once since 2018. "There's been $1.1 billion lost. It is astonishing ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... reported an increase of 50% in investigations and an almost 20% rise in new civil enforcement proceedings in the financial year 2025. In its report for the full year, ASIC highlighted a ramp up in its enforcement activity and work to address regulatory ...

HESTA hits $100bn in assets

RIDDHIMA TALWANI  |  WEDNESDAY, 8 OCT 2025
... super fund recently announced investment fee reductions across its top four ready-made super options in the last financial year and a lower minimum balance for accessing Income Stream products. The default MySuper Balanced Growth option saw investment ...

Aware Super, TelstraSuper advance merger plans

KARREN VERGARA  |  TUESDAY, 7 OCT 2025
... "business as usual" for now, Davies flagged that a Successor Fund Transfer is expected towards the end of the 2026 financial year. "As we move closer to the merger date, there may be some temporary changes to services while we make important updates ...

Australian Food Super to transition to age-based premiums

MATTHEW WAI  |  TUESDAY, 7 OCT 2025
... Australian Food Super appointed TAL as its group insurer in September 2024, replacing MetLife. In the previous financial year, the fund's MySuper Balanced option returned 7.37% in the 12 months to 30 June 2025, while its Growth and Secure (lowest risk ...