Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 1826 results for "accounting"

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... framework. In the advice space, the report revealed that service-related issues were overwhelmingly the main complaint, accounting for three times more complaints than the second most common issue. The top three issues for investments and advice complaints ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... which she describes as "complicated", as the structure of the advice profession is different to professions like law, accounting, engineering and so on - but it is an area the FAAA is looking into. Dixon Advisory inquiry update The public inquiry into ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... Jigsaw, while AZ NGA acquired AMP's minority stakes in 16 advice practices for $82.5 million. AMP will book an accounting loss on the sale of about $36 million due to separation and transition costs in its upcoming 2024 financial year results. Neil ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... "Taxing unrealised gains in the legislative amendment was proposed because industry funds have antiquated software and accounting systems that are incapable of determining an individual member's realised gains. To produce a policy measure that panders ...

AZ NGA acquires Sydney advice firm

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... stakeholders," Stafford said. "While our recent focus has been on large deals, we're always looking to partner with quality accounting and advisory SMEs to help grow their business, drive efficiencies and capture opportunities."

Teaminvest partners to launch new fund

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... launch the Succession Lending Fund. The fund was designed to address the growing need for succession planning within the accounting and financial planning sectors. AWAG said the fund offers a timely solution to help firms navigate the transition of ownership ...

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... October, ANZ announced its profit was impacted by a new after-tax charge of $196 million in respect of one-off acquisition accounting adjustments. Despite the profit loss, ANZ chief executive Shayne Elliott said the bank's performance was still strong ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... However, on all other issues, he ruled against ASIC's claims. "As I understand it, in the context of generally accepted accounting principles, the word 'impaired' means, or can mean, that the value of an asset has decreased. ASIC did not seek any finding ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... Despite the overall downward trend in advice complaints, inappropriate advice was the most complained about issue, accounting for 706 complaints (20% of the total). Another notable issue AFCA noted was confusion around self-managed super fund (SMSF) ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... decisions." Delahunty said APRA's data shows that advertising and sponsorship spending was 5.5% of the aggregate data, accounting for $12.97 per year per member account, while administration services accounted for 24%. "In a landscape where funds ...