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Showing 181 - 190 of 1553 results for "Offset"

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
... million in net flows from an $8.1 billion base in 2022. While Praemium saw a 17% increase in revenue, revenue growth was offset by a $1.5 million increase in outsourced administration costs. Costs were held to $50.9 million, up 15%. Nevertheless, Praemium ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
As the former ClearView chief takes over as chair of the group, the new loan will fuel its commitment to accelerating growth through mergers and acquisitions. After seven years at the head of the table, Alan Fisher is stepping down as chair of Centrepoint ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... the group's investment banking division, also saw a reduction in fees and commission income. However, this was partially offset by an increase in income from its private credit portfolio. Nevertheless, Macquarie's financial position was said to "comfortably ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... slow down. "We could first see a little bit more participation from the private wealth segment of investors to slightly offset the limitations of institutional investors," she explained. "We also expect that as exits slow down, fund holding periods and ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... much lower rate." KPMG's proposal aligns with its previous 2022 recommendation of introducing a Carer's Income Tax Offset (CARITO). This tax credit, awarded upon re-entry to the workforce, incentivises carers by recognising the value of their ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... variable compensation costs arising. "As a result of strong investment performance for the year ended 31 March 2023, being offset by higher investment related income arising from seed investments," it explained. Platinum's share price started to ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... in the distribution of scores over time. Fewer members are rating Satisfaction and Ease highly (scores of nine and 10), offset by more members giving lower ratings (scores of zero to six)," CSBA CX director of finance Sam Monteath said. Funds that proactively ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... increase and inflation data still being higher than RBA targets. As to whether last month's minimum wage increase should offset more hikes, Mousina explained there is an absolute correlation between the two. "I think minimum wage decisions are really ...