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Showing 1561 - 1570 of 13911 results for "State"

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
Hostplus says the growth has been driven by a combination of mergers and strong member growth. According to APRA data, as of June 2022 the fund had about $82.5 billion in FUM. Less than 12 months later, it has tipped over $100 billion, held on behalf ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
The Quality of Advice Review's recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients. The Financial Advice Association Australia general ...

Ariel Investments launches EM portfolios in Australia

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... inefficiencies in emerging markets, which offer opportunities to own undervalued companies," it added. Given the current state of global markets, Ariel believes there are many strong reasons for investors to return to the fold, particularly in emerging ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
... of a claim accounted for 1454. Delays in claims handling resulted in 1286 complaints, and service quality led to 1162. By state, most complaints were lodged by people living in New South Wales (30%), followed closely by Victorians at 29%. One percent ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... these rules. Although a jurisdiction may generally have a corporate tax rate higher than 15%, it appears that the rules then state that if a jurisdiction has different rates of tax for different types of income, entities must have regard to the lowest ...

Family offices maintain a steady course: Goldman Sachs

CHLOE WALKER  |  WEDNESDAY, 10 MAY 2023
Despite the geopolitical and economic landscape, most family offices have only moderately adjusted their asset allocations from 2021, according to Goldman Sachs' latest global survey of family offices. Informing their investment decisions, Goldman ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... intra-program priorities but the broad parameters are already set. Showing how this played in 2022-23, the Budget Papers state that the nation's economy is expected to grow only 1.8% in 2023 after surging twice as fast by 3.6% in 2022. Partly explaining ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... and other concession card holders. It is the largest investment in such incentives ever. Energy bills: From July, federal, state and territory governments will co-fund $3 billion worth of bill relief which will see over five million households benefit ...