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Showing 221 - 230 of 1758 results for "COVID"

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
The government's COVID-19 early release of superannuation (ERS) scheme saw the closure or near emptying of almost one million member accounts, largely held by women, single parents and the unemployed. A new analysis by the Association of Superannuation ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... decreased to $5.3 billion from $6.2 billion in FY21, reflecting sound portfolio credit quality and the reduced level of COVID-19 overlays. The full-year dividend was supported by the bank's continued capital and balance sheet strength. The final ...

Berkshire posts $53bn investment loss

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... Hathaway also suffered a net earnings (loss) attributable to shareholders of US$43.8 billion. The company explained that Covid continues to affect its operating businesses. Despite significant government and private sector actions to control the spread ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... ongoing resilience through the delivery of core supervisory activities, with heightened vigilance on flow-through effects from Covid, geopolitical tensions, rising inflation and increasing interest rates. Embed key prudential reforms including "unquestionably ...

Julie Lander named FEAL Fund Executive of the Year

CHLOE WALKER  |  THURSDAY, 4 AUG 2022
... sponsored by T. Rowe Price. FEAL chair Brian Delaney said Lander has been an exceptional leader over the last few years as COVID has dramatically impacted the workplace and members' expectations. "Julie's dedication to ensuring the staff of CareSuper ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... commercial property investment firm for misrepresenting the performance risks of one of its funds, including marketing it as 'Covid proof'. An interim stop order was placed on Fawkner Property Ltd (Fawkner) to prevent the fund issuing or transferring ...

Treasurer responds to dour inflation, growth

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... perilous path," he said. Chalmers cited sharp central bank intervention to combat US inflation, China's management of COVID and Russia's illegal invasion of Ukraine which has entailed dire energy, and food security consequences. "Inflation will ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... consumers following an oil price shock caused by the Russian invasion of Ukraine last quarter, coupled with ongoing easing of COVID-19 restrictions strengthening global demand." "While a cut in the fuel excise of 22 cents per litre on 30 March 2022 resulted ...

Peter Burgess to become SMSFA chief executive

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
... exciting and challenging times, particularly the dynamic regulatory environment and handling the enormous impact of the COVID pandemic," he said. "I know I speak for the Board and all members when I say John has performed admirably in very difficult ...

Wayne Byres to stand down

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... greatest challenges in Australia's history - most recently in ensuring the stability of the financial system during the COVID-19 pandemic." Byres' time as chair will come to an end on October 30. Chalmers added that the government will undertake ...