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Showing 191 - 200 of 358 results for "Levy"

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... treaties in addition to special withholding tax rate for Passport funds like last year. The FSC has also opposed a Medicare Levy increase. It also wants the government to facilitate the rationalisation of legacy products in financial services, involving ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Missed something? Here's a recap of the most read stories to come out of the second week of the Royal Commission's inquiry into financial advice. High profile adviser under fire The Royal Commission heard how Fair Work commissioner Donna McKenna received ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
The Royal Commission today questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise ...

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... Kelly O'Dwyer. "Such a program will duplicate audits performed by licensees and will add significantly to the ASIC Funding Levy that each adviser will need to pay," it said. The association suggested a better way would be to focus on advisers suspected ...

Super funds call for SG increase to aid women

JAMIE WILLIAMSON  |  THURSDAY, 8 MAR 2018
... women aged 55 and over that are either already living rough or facing the prospect in the near future. "Similar to the Flood Levy authorised in 2011, the fund's monies will be raised by government, private sector and tax payers, with a levy on high earners," ...

Contract work threatens super: Research

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... pay, and superannuation monies," the report said. Contractors who are not accruing super should be subject to a compulsory levy once they earn more than $90,000 per annum to fund the aged pension unless the contractor contributes an amount equivalent ...

Traditional advice strategies pose retirement risk

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
... will now be able to claim a tax deduction. Those with income levels above $87,000 and in the 39% tax bracket (incl. Medicare levy), the tax benefit of the contribution is 24%, but the individual personally receives the 39% benefit," Philpot explained. ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... ratings across the major banks." The banks have clearly been a focus of the government and regulators this year, with the bank levy, the BEAR regime of senior executive oversight, the commissioned ACCC review of competition, the ASIC and AUSTRAC cases ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
... major banks earned a total of $31.5 billion in cash profit, up 6.4% on the prior year. The introduction of the major bank levy is expected to flow through in subsequent reporting periods. The number of full-time employees across the majors decreased ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... people doing the audit inspections' and I said 'yeah, but we can't afford it' and they said 'we'll pay more for the industry levy so that you can perhaps take on retired partners to do the review' which in turn would lead to less time needed to complete ...