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Showing 131 - 140 of 757 results for "Relief"

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... budget on what's responsible and sustainable," he said. "It will be all about providing responsible cost-of-living relief where we can afford to do that. It will lay the foundations for future growth, but it will also try and make us more resilient ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... income would be 10% higher each year, increasing to $38 billion more per annum by 2050, which then provides a significant relief for the Age Pension, aged care and health. Briggs said that a reformed retirement system that is designed around the needs ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... representations, and when they fall short, we will hold them accountable as in this case." The SEC is seeking injunctive relief, an officer and director bar, disgorgement and prejudgment interest thereon, and civil penalties, it said. At the same time ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... economists warn Australians not to rule out further increases throughout the year. Mortgage holders breathed a sigh of relief yesterday afternoon when RBA governor Philip Lowe paused the rate hike after 10 consecutive increases. Explaining the reasoning ...

ASIC revisits IDPS sunsetting orders

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... orders on platforms: [CO 13/762] and [CO 13/763], which pertain to IDPS and IDPS-like schemes. These class orders provide relief for IDPS' and IDPS-like schemes, enabling them to adapt the requirements of the Corporations Act 2001 to suit their specific ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... extended. "We have thought about that hard and we've looked at it. The law is not written in a way that we can give blanket relief to the whole industry, so that's not something we can do," she said. "We will consider individual trustee applications ...

ASIC consults on sunsetting class orders

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... listed scheme. It clarifies that members must pass ordinary resolutions to remove and replace an RE. In the absence of this relief, the resolutions required to change the RE are unclear. Class Order [CO 13/656] provides an exemption for REs and corporate ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... 5.2% drop in the West Texas Intermediate (US NYMEX) crude oil price which saw oil drop to a 15-month low, there was some relief. "Earlier in the US session overnight, what we have seen is a little bit of a turnaround there, we saw both the Brent and ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... blue-collar professions, and live farther from major cities. Although the early release of super was intended to provide relief to Australians experiencing financial hardship as a result of the pandemic, the study also found many used withdrawn funds ...