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Showing 1 - 10 of 5258 results for %22July%22

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... ensure they are claiming deductions correctly." The ATO also reminded taxpayers against rushing to lodge their tax return on July 1. "We see lots of mistakes in July where people have forgotten to include interest from banks, dividend income, payments ...

Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
From July 1, Australian Retirement Trust (ART) will add thermal coal to its list of exclusions. ART currently applies three exclusions when directly investing in Australian and international share asset classes across all its investment options, being ...

Insignia FUM grows by $11bn, completes platform migration

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... Hartley said it had been pleasing to see continued progress against the FY24-26 strategic initiatives Insignia announced in July 2023. "Strong growth in FUMA over the quarter has been supported by positive investment markets and reflects the benefits ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... the percentage fee applies to the first $800,000 of member account balances in each Super Savings accounts they hold. From July 1, the percentage fee will apply to the first $500,000. As a result, administration fees will effectively decrease for members ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... approach to foreign investment and tax integrity over the coming months. The fast-track process will take effect as soon as July 1. Treasury will also publish more detail and guidance on the tax aspects over the coming months. "Australia is an attractive ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... knew that she did not meet the prescribed education and training standard. Baaini worked at AMP Financial Planning between July 2011 and January 2012. She then went on to work at Affinia Financial Services for about three years and jumped to NAB as senior ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... the final report read. Adelaide-based Work Visa Lawyers expects a redeveloped version of the SIV to be introduced from 1 July 2024. It will be like the current SIV in that it may require a $5 million investment and that complying investments yet to be ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... window of opportunity now to significantly reduce the number of these pensions before the proposed new tax commences on 1 July 2025," Burgess said. Further, Division 296 will likely make the rules around reserves associated with legacy pensions even ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... seeking to reduce the risk of a disorderly wind-up, in the event the business fails." JB Markets had held its AFSL since 8 July 2008. The licence authorised JB Markets to provide financial product advice, deal in financial products, make a market in ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... assessing trustees on investment performance and fees charged to members. The test has been applied to MySuper products since 1 July 2021 and was extended to Trustee-Directed Products (TDPs) on 1 July 2023. In the latest test, which was the first to ...
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