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Showing 1531 - 1540 of 22869 results for "Super"

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... bring forward rule on non-concessional contributions (NCC) is applied. "The likely result from July 1 is that the total super balance thresholds for bring forward NCC eligibility will increase but the NCC cap will remain unchanged compared to 2024/25. ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... Regulations 1994. In late 2022, the Australian Taxation Office (ATO) selected three audits compiled by Islam for three different super funds and had expressed concerns. The ATO referred the matter to ASIC in June on the basis that Islam "failed to carry ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... Superannuation Guarantee to 12%, providing superannuation on top of government-provided paid parental leave, progress towards payday super, steps to improve access to more affordable and accessible financial advice, and enshrining the objective of superannuation ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. In the letter, Constant said disrupting ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
Modelling by the Super Members Council (SMC) shows close to one million older Australians are paying more in tax by leaving their super savings in accumulation products. The SMC said 700,000 Australians aged over 65 and no longer working full-time have ...

Bumpy roads ahead for traditional active managers

MATTHEW WAI  |  WEDNESDAY, 29 JAN 2025
... said products, where the strategies will not be easily replicated by passive investments. In comparison to active managers, super funds are well-positioned for growth with their strategic fee alterations and broad range of investment options through ...

ASIC bans adviser fraudster found with child abuse material

ANDREW MCKEAN  |  WEDNESDAY, 29 JAN 2025
ASIC has permanently banned Brisbane-based financial adviser David Cubilla following a $640,000 fraud conviction; he was also found guilty of using online services to access and possess child abuse material. Cubilla, who was recently an authorised representative ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... and industry stakeholders to develop the standards and the draft standards will be released for public consultation. The Super Members Council (SMC) strongly welcomed the plan. SMC chief executive Misha Schubert said super fund members rightly expect ...

AdviceIQ general manager Paul Harding-Davis to retire

ANDREW MCKEAN  |  TUESDAY, 28 JAN 2025
AdviceIQ general manager Paul Harding-Davis will retire in April, with the financial advice group for high-net-worth clients naming a Macquarie Group executive as his successor. Harding-Davis told Financial Standard that now is the right time for retirement ...

Insignia Financial appoints chief technology officer

MATTHEW WAI  |  TUESDAY, 28 JAN 2025
Insignia Financial has appointed a new chief technology officer, promoting from within. Damien O'Donnell has commenced in the role, replacing acting chief technology officer Frank Lombardo who was in the role for the past six months. O'Donnell brings ...