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Showing 131 - 140 of 278 results for %22Treasurer Josh Frydenberg%22

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... funds, if they haven't already been talking about merging, COVID-19 will push it up the agenda." Treasurer Josh Frydenberg has pointed out that APRA does have the ability to direct super funds to merge, and has implied that this could be the outcome ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... million requested by AustralianSuper members represents about 17% of the $3.8 billion in withdrawals Treasurer Josh Frydenberg confirmed had been approved by the ATO in the first three days of the scheme, which commenced on April 20. With more than $180 ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications ...

Future Fund board members reappointed

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... experience and expertise across financial markets, corporate governance and public policy," Federal Treasurer Josh Frydenberg said in a statement. Kay has worked in finance in executive and non-executive roles for about 30 years. She is a former banker ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... curb the managed funds industry's ability to support Australia's economic recovery. It comes following Treasurer Josh Frydenberg's announcement on March 30 that Australia will extend the time frame for decisions on foreign investments to up to six months ...

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 ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... payments, so that those with partners earning what was previously above the threshold will now be eligible. Treasurer Josh Frydenberg said: "Australia is facing a war on two fronts. As the Prime Minister said we are facing a health crisis and an economic ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Federal Treasurer Josh Frydenberg has announced that all proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... sector through the COVID-19 pandemic. Terry Pinnell, chair of the Ethical Advisers' Co-op, wrote to Treasurer Josh Frydenberg last week to ask him to institute the same measures for SMSF pensioners that the Rudd Government introduced during the Global ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... (FoFA) reforms banned such payments on most investment products. The consultation, which was announced by Treasurer Josh Frydenberg, will consider the merits of this exemption granted to stock exchange-listed investment products. "Public consultation ...