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Showing 2211 - 2220 of 9740 results for "Major"

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... it was taken in the first two weeks of March which, according to the ABS, "describes the labour market shortly before the major restrictions in Australia to contain the spread of the coronavirus (COVID-19)". Australia's Federal and State governments ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
... Amlan Roy, who argues the International Monetary Fund's prediction of global growth falling to -3% in 2020 could lead to major social disruption. "The practice of referring to V or W-shaped recoveries has always been puzzling without specification ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... predicted that global growth will be -3.3% this year, while Australia's GDP will be significantly worse at -6.7%. Meanwhile, the major financial institutions in Australia have mostly reacted positively to the moves by the RBA and government. While it ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... funds. From concerns over liquidity issues, impacts of the Early Release Super scheme and drastically volatile markets, major funds have been hit time and time again. But, what about SMSFs? According to Rainmaker research, on average, 24% of a SMSFs ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... interrupted due to the crisis, with reviews of managed discretionary accounts and insurance in superannuation just two of several major projects set to be delayed. The regulator's new reality will see it pivot towards ensuring its regulated entities ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
The Australian Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
ASIC has been forced to delay several major pieces of its regulatory workload in order to effectively deal with the challenges of COVID-19. The corporate regulator has deferred several significant regulatory projects which were set to shake up financial ...

COVID-19 is not the only factor: deVere

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
To protect and grow wealth investors need to carefully monitor other major factors, not just COVID-19, according to deVere Group chief executive Nigel Green. The warning follows last week's sharp rally in global markets, with the MSCI experiencing its ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... said. "We project global growth in 2020 to fall to -3%. This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. "This makes the Great Lockdown the worst recession since the Great Depression, and far ...