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Showing 1631 - 1640 of 6213 results for "SIX"

Centrepoint executives depart, pay cuts implemented

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... executive team have volunteered a temporary 20% reduction in pay and non-executive staff have "been invited" to salary sacrifice six weeks' leave over six months. The company said it has also put in place additional support to advisers during this period ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
APRA will not issue a new superannuation licence any time within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... impacted by COVID-19 eligible for $1500 per-employee in a program designed to keep people employed. The government estimates six million Australians could be eligible for the JobKeeper payment through their employer. "Yesterday afternoon 700,000 businesses ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
... its daily market operations until further notice. In addition, the central bank will conduct longer-term repo operations of six-month maturity or longer at least weekly, as long as market conditions warrant". However, unlike a few months back, the RBA ...

Stimulus is finite: Prime Minister

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... government has made public the modelling that is informing its COVID-19 response, revealing why the JobKeeper payment works off a six month timeframe. Asked at a press conference how the modelling was helping with the economic response plan, Prime Minister ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... their jobs, and it's clear that every extra dollar counts," Venkatesan said. "We're not simply deferring fees for six months - we're waiving 50% of the fees altogether. With the Federal Government now granting early access to super for those ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... founder of Charterhill Group, which collapsed in 2014, has been sentenced to 10 years imprisonment, and will serve at least six of these behind bars. Charterhill Group, run by George Nowak, provided a "one stop shop" for SMSF clients; providing financial ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... standards, told Financial Standard that while the taskforce has been working together to ease regulatory burden for about six months it is now focussed on a new set of issues raised by COVID-19. Of particular concern to the FPA and SMSF Association is ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... solutions, allow signatures to be verified remotely like over videoconference, allow longer for opt-ins to be signed - say six months - to get over the hump of immediate needs being met." He also wants to see ASIC take more of a facilitative approach ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
... loan and credit card customers impacted by the pandemic. CBA will make payments to support customers who have been granted a six-month deferral to offset interest on interest costs during the six-month deferral period. This follows the announcement on ...