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Showing 1421 - 1430 of 5241 results for "Money101"

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Australian Taxation Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme. An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
An AFSL holder asked the court to review its entreaty to ASIC to waive industry funding levy for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
The peak body for industry superannuation funds has launched an advertising campaign to warn Australians against crystallising their losses amid the market turmoil caused by COVID-19. Re-using a line from the backing track present in its television ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
As consumers saw their superannuation balances nosedive when the COVID-19 pandemic began wreaking havoc on the market, many were surprised to learn their retirement savings weren't quite as safe as they thought, reigniting the debate around 'balanced' ...

Plenty still want in on ETPs: Research

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
Despite the market volatility wrought by COVID-19, money flowed into exchange traded products in March. The ASX's latest ETP data shows that even as the market was losing money, cash was flowing in. Rainmaker analysis shows the Australian ETP market ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
Wall Street's rally seems to have run out of steam, with the major indexes ending the day of trade in a sea of red. Early in trade the Dow Jones surged 900-points before closing down 0.12%. Similarly, the S&P 500 lost 0.16% and the Nasdaq Composite ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
A superannuation fund designed for women has halved the fees of new and existing members who find themselves jobless as a result of the COVID-19 pandemic. In an effort to protect the super savings of its members, FairVine Super has launched the FairGo ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties. Asked by Financial Standard how the government would handle funds that might face liquidity ...