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Showing 211 - 220 of 453 results for "Josh"

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... taxes. The $650 million requested by AustralianSuper members represents about 17% of the $3.8 billion in withdrawals Treasurer Josh Frydenberg confirmed had been approved by the ATO in the first three days of the scheme, which commenced on April 20. ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
Since the beginning of the year, America's wealthiest billionaires have seen their wealth increase by millions, with eight seeing their net worth surge by more than US$1 billion dollars. The latest research from the Institute for Policy Studies revealed ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... prolific law firm to suggest risk advisers add little to no value. Maurice Blackburn superannuation and insurance principal Josh Mennen said the report did not find favourably for life insurance policies recommended by financial advisers. "This report ...

Future Fund board members reappointed

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... significant experience and expertise across financial markets, corporate governance and public policy," Federal Treasurer Josh Frydenberg said in a statement. Kay has worked in finance in executive and non-executive roles for about 30 years. She is a ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... rules would curb the managed funds industry's ability to support Australia's economic recovery. It comes following Treasurer Josh Frydenberg's announcement on March 30 that Australia will extend the time frame for decisions on foreign investments to ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... disingenuous." The super sector - like everyone in the world it seems - didn't see COVID-19 coming. Dalton Financial Partners director Josh Dalton agrees, and says perhaps some are kicking super funds when they're down. "Mass job losses in certain industries ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties. Asked by Financial Standard how the government would handle funds that might face liquidity ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... seeker payments, so that those with partners earning what was previously above the threshold will now be eligible. Treasurer Josh Frydenberg said: "Australia is facing a war on two fronts. As the Prime Minister said we are facing a health crisis and ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Federal Treasurer Josh Frydenberg has announced that all proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday ...