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Showing 121 - 130 of 9883 results for %22Government%22

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... higher-income individuals and men receiving the lion's share of advantages. In a move to address this imbalance, the government, as outlined in the 2023-24 Budget, plans to introduce a 30% tax rate on superannuation earnings over a $3 million threshold. ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... interest rate risk associated with the consortium's acquisition of a majority stake in Ausgrid, purchased from the NSW government. In May 2021, ASIC commenced civil proceedings against Westpac for insider trading, unconscionable conduct, and breaches ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... West', without law or regulation of any kind. Nothing could be further from the truth." Longo referenced the federal government's interim report on regulation, which stated that businesses and individuals who develop and use AI are already subject to ...

Norway's oil fund returns 16% in 2023

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2024
... 16.1% return for 2023 following the -14% it recorded the previous year. Norges Bank Investment Management reported the Government Pension Fund Global raked in a return of $322 billion for the year, largely driven by investments in AI-related stocks. ...

AI mania will underwhelm advice: Finura

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... the business model of advice," the report read. "With the prospect of smoother regulations and an expectation by the government that super funds will open up advice offerings to members, you would expect an explosion of new digital advice offerings in ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
The federal government has officially released amendments to Stage 3 income tax cuts, saying that cost-of-living pressures has forced it to do so. Among the changes, Treasury is proposing to reduce the 19% tax rate to 16% and increase the threshold ...

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
... position on February 4. Reemst joined the Future Fund Board of Guardians for a five-year term in October last year. The government also appointed Nicola Wakefield Evans and Rosemary Vilgan as part-time members of the Future Fund board. "These two new ...

ASIC makes adviser exam changes

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
ASIC confirmed it is amending the financial adviser exam in accordance with the government's changes. Amendments to the exam were registered last week, following a consultation that wrapped up on January 10. ASIC has now also updated the relevant guidance. ...

VanEck to unveil private credit ETF

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... an ETF on ASX." Most recently, VanEck launched three new AUD-hedged international equity ETFs and three Australian government bond ETFs. An analysis by Stockspot found the Global X FANG+ ETF (FANG) and the Global X Semiconductor ETF (SEMI) achieved the ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... tax bracket will remain at $180,000. Those making more than this will be slapped with a 45% tax rate. The Morrison government legislated the tax cuts in 2018 when it was in power at the time. It originally proposed tax reductions for those earning $45,000 ...