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Showing 1 - 10 of 5260 results for %22July for%22

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... relation to Prudential Standard CPS 230 Operational Risk Management, which all APRA-regulated entities must comply with from 1 July 2025. In that speech, McCarthy Hockey said: "Perhaps the most significant change introduced by our new standard is the ...

ATO introduces trust taxation changes

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... income tax reporting changes under the Modernisation of Trust Administration Systems (MTAS) that will come into effect on July 1. For beneficiaries of a trust, there will be a new trust income schedule available from the start of the new financial year. ...

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 ...
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