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

Search Results

Showing 161 - 170 of 676 results for "expenditure"

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... legislation will also focus on how trustees spend members' money - justifying what is essential and non-essential expenditure. Scott Connolly, assistant secretary of the ACTU, said that there is a specific exclusion of dividend payments to parent companies ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... profits are excluded from the revamped member's best financial interest test, which reverses the onus of proof if fund expenditure or investments are challenged by regulators. The result of which, ISA said, is that billions in mark-ups that for-profit ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... money is used to operate on a day-to-day basis and how it is invested. The regulation aims to curb "inappropriate expenditure" on items like advertising, sponsorships and corporate entertainment, which "risks compromising member outcomes and eroding ...

Chief economist update: Australian capex in COVID-19's shadow

BENJAMIN ONG  |  FRIDAY, 27 NOV 2020
... markets expended much speculation on the outcome of the Australian Bureau of Statistics' (ABS) "Private New Capital Expenditure and Expected Expenditure" quarterly survey, for not only does it provide an indication of domestic firms' optimism ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... our lifestyles had a big impact on demand and prices right across the economy but for at least some categories of expenditure there is a return to something closer to normal." ASFA said despite the gradual return to "normal" it found retiree lifestyles ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... improve retirement income equity relative to working life. "Social transfers in kind (such as health and aged care expenditure) provide substantial support to retirees," it said. "The cost of social transfers in kind attributed to households aged 65 ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... Pension, Commonwealth Rent Assistance is more targeted to lower-wealth households," it said. "About 20% of Age Pension expenditure goes to the top two wealth quintiles, while close to 90% of Commonwealth Rent Assistance expenditure goes to the bottom ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... companies to disclose this information to shareholders", she said. Providing detailed information about super funds' expenditure, donations to political parties, peak bodies and affiliates like unions, marketing expenditures, sporting sponsorships ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
The US has reversed its biggest economic contraction in history with the sharpest recovery on record. The US Bureau of Economic Analysis (BEA) reported that the country's GDP increased at annualised rate of 33.1% in the September 2020 quarter following ...

Through good and bad: Advisers add value

JAMIE WILLIAMSON  |  THURSDAY, 15 OCT 2020
Despite COVID-19 volatility, financial advisers have managed to deliver value of 5.2% or more each year to clients, according to new research. It's the key finding of Russell Investments' Value of an Adviser Report for 2020, saying this is the case ...