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Showing 121 - 130 of 5257 results for "July"

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... unrealised increased value of assets in a SMSF, which sets a dangerous precedent." On February 28, the government announced from 1 July 2025 a 30% concessional tax rate will be applied to future earnings for superannuation balances above $3 million. ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... Assurance Corp were authorised representatives of Insurance Advisernet Australia Pty Limited (IAA). ASIC found that from 30 July 2019 to 12 February 2021, Durant instructed clients to deposit money, intended as payment of insurance premiums, into his ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... assessment of risks," she said. This is off the back of disappointing inflation data which rose to 5.2% in August from 4.9% in July. "Timely indicators on inflation suggest that goods price inflation has eased further, Bullock said, but the prices of ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... Commonwealth Government Guarantee applies to those who were CBA Group Super members prior to the bank's privatisation on 19 July 1996 and guarantees the payment of super and employer contributions.

Regal dumps bid for Pacific Current Group

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2023
... (NBIO) to acquire all shares in Pacific Current Group; together, the two already hold 31%. The proposal was confirmed on July 26, with Regal chief executive and managing director Brendan O'Connor saying he believed a deal "would create meaningful ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
The Consumer Price Index (CPI) experienced a slight increase in the month of August, jumping to 5.2% from 4.9% in July. Data released by the Australian Bureau of Statistics (ABS) revealed that the major contributors to the price increase included housing ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
... Life Code, and the positive impact it has had on life insurance consumers. The latest version of the Life Code was effective July 1, and expands on the important work completed by the FSC when the original Code of Practice was released in 2017. "As the ...

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... through superannuation, and the development of new technology-enabled advice delivery to leverage future opportunities." In July, Insignia chief executive Renato Mota flagged that the firm remains committed to the Professional Services businesses, Shadforth ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... filed a Notice of Appeal in the Federal Court yesterday, challenging the decision handed down by Justice Mark Moshinsky on July 5. Based on solid evidence, Justice Moshinsky found that Equity Financial Planners and Wealthstone, which are licensed by ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... either helping clients set up or maintain self-managed super funds. Sebo used all the money to feed his gambling habit between July and August 2019 while he was sole director and shareholder of Platinum Perpetual Global Private Wealth, court documents ...