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Showing 131 - 140 of 1613 results for "Recommended"

Government urged to overhaul gift tax system

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
... activities that are likely to generate the greatest net benefits for the community," Robson said. The report said the recommended changes could increase the number of charities that can receive tax deductible donations from about 25,000 charities to ...

'Growing revenues, not AUM, is the new name of the game': ISS

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
... asset manager," the report said. "While zero-sum games inherently create losers, there are winners, too." The report recommended that managers focus on where the prospects for revenue growth are greatest and identify opportunities to improve scale where ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... said there's too many shortcomings when it comes to the handling of reports of alleged corporate misconduct, and recommended it be legislated that ASIC or future authorities investigate such reports "at an appropriate rate." Evidence to the committee ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... 1 from the Bill, speedy passage of the rest of the Bill through the Senate and the House can be facilitated," they recommended. Draft regulation of the first tranche of the Delivering Better Financial Outcomes reform package is up for consultation until ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... academics, peak bodies, philanthropic partners, industry, and government to ensure collaborative action. Moreover, it recommended ensuring that students have access to quality, evidence-based financial education in all schools across Australia and continuing ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... earners avoid tax, exacerbate income and gender inequality, and come at a huge cost in foregone revenue. The research recommended ending, or at least limiting, super tax concessions for the top 10% of earners and those whose high super balances do not ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... financial services sector and there's much broader implications than just for managed investment schemes." "We recommended that any review of a wholesale client definition should be subject to a standalone consultation to enable participation by ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... authorisation with his licensee, ASIC said. The regulator added that Dzawo did not disclose his interest in an investment he recommended to clients and said he "demonstrated a serious lack of honesty, integrity, judgement, trustworthiness and professionalism." ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... removing the cap on using super for housing would push capital city house prices up by $75,000. The Committee also recommended that first home buyers who have used the proposed scheme to purchase a first home should be allowed to use the proceeds to ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... the sale of its wealth management and corporate trust businesses offered "compelling value," and they unanimously recommended that shareholders approve the deal. "The Perpetual board agrees that a transaction with KKR represents compelling value for ...