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Showing 181 - 190 of 923 results for "Maximum"

Federal Reserve increases rates 25bp

CASSANDRA BALDINI  |  THURSDAY, 2 FEB 2023
... of 5%. The Federal Reserve explained inflation has eased somewhat but remains elevated. "The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run," it said. "The Committee anticipates that ongoing increases ...

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... Victorian County Court in April for plea and sentencing hearing. At the time of Grimm's offending, each breach carried a maximum penalty of 10 years imprisonment.

Consultation opens on NALI amendments

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... amended, both would have an upper limit on the amount of fund income taxable as NALI due to a general expenses breach. "The maximum amount of fund income taxable at the highest marginal rate would be five times the level of the general expenditure breach ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... eligible, clients over 55 years of age need to have owned their home for 10 years or more. Downsizer contributions to a maximum of $300,000 do not count towards any of the contribution caps and can still be made even if a person has a total upper balance ...

AMP, Dexus deal delayed

CASSANDRA BALDINI  |  MONDAY, 9 JAN 2023
... later this month to February 28. However, if all conditions precedent for completion are not satisfied by January 26, the maximum total consideration payable by Dexus will be reduced to $225 million from $250 million. The base purchase price will also ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... guilty to the offence in June. At the time of his offence, the charge of conspiring to commit market manipulation carried a maximum penalty of 10 years imprisonment. In March 2019, the maximum penalty increased to 15 years imprisonment. Meanwhile, Kimelman ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... more detailed review in Stage 2. When it comes to timeframes for handling complaints, ASIC said consistently meeting the maximum response timeframe under RG 271 - 45 calendar days unless an objection to a death benefit distribution - is challenging some ...

Bahamian firm joins Future Gen portfolio

CHLOE WALKER  |  MONDAY, 28 NOV 2022
... ill-health in Australia's youth." The Holowesko Global Fund deploys a long/short global equity strategy, aimed at achieving maximum absolute returns with minimal risk. Future Generation Global's investment committee identified the Holowesko Global Fund's ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
Magellan is seeking to increase the maximum remuneration paid to all non-executive directors from $750,000 to $1.75 million. Magellan has scheduled an Extraordinary General Meeting to vote on the matter on December 14. The last time shareholders approved ...

Aware Super appoints new chair

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2022
... fund naming a new addition to its board as chair. It caps three consecutive terms as chair for Cochrane, which is the maximum allowed. He was appointed chair of First State Super in 2014 and retained the role through its merger with VicSuper. Replacing ...