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| | | A financial planning practice licensed under AMP-owned Charter Financial Planning has been fined with $10,200 for misleading advertising. Victoria-based Australian Financial Planning Solutions (AFPS) has been hit with $10,200 in penalties after the ... |
| | | | Charterhill Group founder and director George Nowak has been banned by ASIC from practicing financial services until 3 July 2017. The grounds for the ban are that Nowak is an undischarged bankrupt, having applied for personal bankruptcy in July 2014. ... |
| | | | Australia minted nearly 45,000 new millionaires in 2014 but only a handful of them are seeking financial advice, according to Investment Trends' High Net Worth (HNW) Investor Report. Based on a survey of 3,115 Australian millionaires - holding a collective ... |
| | | | Spring Financial Group has officially listed on the Australian Securities Exchange. According to the ASX, the company raised approximately $4,450,000 in its initial public offering. Spring provides financial planning, wealth management, insurance, superannuation ... |
| | | | BGL Corporate Solutions and CoreLogic RP Data have launched a tool that allows self-managed super funds (SMSFs) and their advisers to request depreciation schedules for residential and commercial property. "This new service means our clients SMSFs will ... |
| | | | The bill to remove the punitive tax rates on excess non-concessional contributions made to superannuation funds has passed through the Senate. Assistant Treasurer Josh Frydenberg has said the Tax and Superannuation Laws Amendment (2014 Measures No.7) ... |
| | | | The results of the Treasury's Intergenerational Report prove that Australia's current level of social welfare cannot be sustained and that superannuation will play a key role in addressing the issue, the Financial Services Council (FSC) said. Reacting ... |
| | | | The Parliament has passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the ... |
| | | | The SMSF Association's chief executive and managing director Andrea Slattery has called for a more informed debate about the cost of super tax concessions. In a strongly worded media release, Slattery branded the current debate as "misinformed, simplistic ... |
| | | | While over half (55.2%) of Australians know how much savings they will need for a comfortable retirement, only a quarter (24.5%) are making additional super contributions to reach this goal, according to a survey commissioned by Club Plus Super. Club ... |
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