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Showing 2221 - 2230 of 9316 results for "Red"

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Accountants warn of lockdown cost

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
... as a lockdown is announced. We've grown increasingly frustrated with failures by governments to plan for lockdowns and with red tape holding up the delivery of vital financial support to businesses," Hunter added.

Active Super awards back-office mandate

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
Active Super has awarded a back-office mandate to Investment Control Systems (ICS) in a bid to increase efficiencies. ICS will help Active Super manage and automate several functions such as exposure reporting, cash forecasting, rebalancing, performance ...

Saxo cuts trading costs

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
Online trading platform Saxo Markets Australia has lowered its trading costs by as much as 60%. Investors trading ASX shares and ETFs will now pay $5 in brokerage fees, down from $6.99. The $5 minimum amount is charged based on the total trade amount ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... draft legislation proposes the CSLR to be a subsidiary of the Australian Financial Complaints Authority. This adds unnecessary red tape by requiring ASIC to administer invoices and payments and significantly increases the government's administration ...

Perpetual acquires advice firm

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
Perpetual Private has acquired a boutique financial advice firm with over 1000 clients and $915 million of assets. Established in 2015, Jacaranda Financial Planning caters to the high-net-worth market with a team of nine advisers based in Sydney and ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
AMP's 57% year-on-year jump in its half-year profit shows positive signs of recovery but it's still a far cry from the company it was four years ago. In the six months to June, the group's underlying net profit after tax hit $181 million ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
Ahead of the stapling reforms being implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there ...

Delta to impact real estate market: Analysis

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
According to new analysis, the Delta strain of COVID-19 could change Australia's housing landscape dramatically. The research comes from BuyersBuyers, a property buyers agency network, and RiskWise and looks to examples overseas to predict how Australia ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
Despite being among the prime targets of the government's recently launched inquiry into common ownership, new analysis from Rainmaker Information finds the share of the ASX held by superannuation funds is actually falling. In 2019, Rainmaker predicted ...