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Showing 1621 - 1630 of 6149 results for "Money"

Cashwerkz announces new chief executive

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
Cashwerkz has appointed a fixed income professional as its new chief executive. Jon Lechte will take on the top role, effective April 1, having held a number of executive and senior roles in fixed income. "Jon joins Cashwerkz to lead the growth trajectory ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... weight". "If the coming period reveals a super fund has been managed in a way that would prevent members accessing their money promptly, APRA's directions powers - especially sections 131D and 133 of the SIS Act, updated last year by the Parliament ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... period very uncomfortable," she said. "However, I want to say today, that discomfort is no excuse to not release members' money - their own money - in a time of need." Hume said any fund who refuses a member access to their money after an ATO determination ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... employee." Frydenberg responded to a question about whether the government can guarantee that employers will pass on the money to employees by saying that there is an alignment of interests between employees and employers in this case. When asked whether ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... retirement savings to the MyGov website, with no clear mention of how long super fund members may actually have to wait for that money. However, the official deadline given to super funds is 20 April 2020. Applications will go directly to the ATO through ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... landlords within this threshold do the right thing by their tenants, banks will do the right thing by them." This will help keep money in the pockets of small businesses throughout the crisis, Bligh said. Businesses with loans of more than $10 million ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... fatalities from COVID-19 are matched only by tightening restrictions on social interaction and the ever-increasing amount of money released from government and central bank coffers. How wide and far-ranging future lockdown rules become and how much more ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... 'one-size-fits-all' investment advice was given to clients. It required clients to invest significant amounts of money in index funds, using "double gearing" - the Storm model. It involved taking out a home loan and a margin loan in order to ...

Regal fund hands back external money

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
Phil King's Regal Funds Management has returned money to external investors for one of its smaller funds, but will continue to run the strategy internally. The Regal Global Equity Income Fund used a quantitative approach to screen for relative value ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... Charter Financial Planning and then Salisbury Group. ASIC said that Martin was a "trusted" financial adviser who invested money on behalf of clients. The regulator alleged he breached that trust by convincing clients to transfer money to his business ...