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Showing 1871 - 1880 of 8245 results for "June"

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... government's target to have no people under the age of 65 living in residential aged care by 2025," it said. "From March 2019 to June 2020, there has been a 39% reduction in the number of people under the age of 65 entering residential aged care." ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... of any eligible depreciable asset up to $150,000 in the first year they are installed or used from 6 October 2020 until 30 June 2022. The incentive will apply to small to medium businesses with turnover of up to $5 billion and is expected to apply to ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... in the budget. Also delayed was the legislation for the closure of eligible rollover funds, which has been moved to a 30 June 2021 date for moving sub-$6000 accounts to ATO, with funds given another year to transfer the accounts with more than $6000 ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... and 13%. The JobKeeper program will continue at a cost to the budget of $101 billion, supporting 3.5 million people. By the June 2022 quarter, the government is anticipating an unemployment rate of 6.5%. "There is no recovery without a jobs recovery ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... to remain weak in the near term, with a forecast fall of 11% in 2020-21. The government said the sharp contraction in the June quarter reflected a "pre-existing" slowing in activity, though exacerbated by COVID-19 lockdowns. Further declines are expected ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of GDP in June 2024, he said. "This is a heavy burden, but a necessary one to responsibly deal with the greatest challenge of our time," ...

ETF Securities chief exits

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... ASX. About $2.1 billion (or two thirds) of its total assets are from just one fund, the ETFS Physical Gold (ASX: GOLD). At June end, it was the sixth-largest ETF issuer locally and had grown its total assets by 99% in the 12 months. Walesby worked in ...

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... after an extended period of poor returns. The Templeton Global Growth Fund (ASX: TGG) returned -11.38% over the six months to June 30, with the fund returning -3.92% over a 12-month period. In comparison, the LIC's benchmark, the MSCI AC World (net dividends) ...

Vanguard to cull institutional mandates

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
... Australia (behind State Street) with $140 billion in assets under management at March end, according to Rainmaker data. At June end, it had about $153 billion in Australian-sourced assets. In superannuation, Vanguard manages money for at least three ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... strong balance sheet and capital position, with surplus capital (above the board target capital level) of $1.4 billion at 30 June 2020," it said. Moody's said the downgrade reflects the weaker operating results of the group and its ongoing challenges ...