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Showing 1 - 10 of 6257 results for "Tax"

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
The $43 billion public sector fund has welcomed a former central bank deputy governor to its board, while Mercer Super has a new chair. Guy Debelle has joined the fund for South Australian government employees, bringing a tremendous depth of experience ...

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... performance fees in the second half of FY24. This time last year, Platinum had $18.1 billion in FUM and made $81 million in after-tax profit. The recent closure of its London office bid farewell to three staff members as well as UCIT funds in the Platinum ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... contributions and home ownership issues, whereas over one in 10 related to the transfer balance cap, means testing or TPD benefit tax issues. Similarly, one in 10 queries received involved dealing with a death benefit, treatment of assets and income ...

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
Delivering on a key election promise, the newly installed UK government will launch a National Wealth Fund in the coming days to ramp up private sector investment in infrastructure projects. Announced overnight, the UK Infrastructure Bank and the British ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
... was an authorised representative of Count Financial, and after that went to HNW Planning. He runs Betalli & Associates, a tax and accounting business, and The FP Business, a financial advice service. He also operates an equipment finance broking and ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, the Privacy Act 1988, and the Tax Agent Services Act 2009. Candidates must also study financial advice construction, which is the suitability of advice aligned ...

TelstraSuper produces 9.6% MySuper return

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
TelstraSuper's lifecycle MySuper offering turned around 9.6% for all its members under 50 who have not made an investment choice. The result, which is net of all investment fees and taxes, demonstrates the value of its lifecycle structure, chief investment ...

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... when displayed a poor track record in the financial management of both Clickthru and O'Corp Media, including failing to meet tax requirements. It also found that he improperly used his position as a director of the companies to gain an advantage for ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The Australian Taxation Office (ATO) has issued a draft update to its tax ruling TR 2023/4 for consultation which determines when a person is considered an employee under the Superannuation Guarantee (Administration) Act 1992 (SGAA). The draft update ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... Indexed Diversified - $157 to $142 In addition to the investment and fee changes, AustralianSuper has removed the Reduced Income Tax Credits (RITCs) section of the PDS across the Income and Choice products. The section that has been removed said: "For ...
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