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Showing 221 - 230 of 6823 results for "Tax"

Platinum banks on merger positives amid dismal FY25 result

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... billion. The update came alongside a lacklustre set of financials, including a 31% drop in adjusted operating profits before tax. The statutory net profit before tax was down more than 60% to $27.5 million. Platinum said it earned "negligible" performance ...

Perpetual flags 'uncertainty' over wealth management sale

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
Perpetual took a slight hit in underlying profit after tax - down 1% to $204.1 million - flagging outflows in the asset management business and a softer performance in wealth management due to "uncertainty" surrounding its ownership. Despite the uncertainty ...

Australian Ethical FUM approaches $14bn

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
... Management and strong investment performance over the period, Australian Ethical said. Meanwhile, statutory net profit after tax (NPAT) was $19.9 million, up 68% on FY24, while underlying profit after tax (UPAT) grew 29% to $23.8 million. Revenue was ...

Centrepoint Alliance profits down $2.6m

MATTHEW WAI  |  WEDNESDAY, 27 AUG 2025
Centrepoint Alliance saw its net profit after tax (NPAT) reduced by over $2.6 million in FY25 on the back of increased expenses. Centrepoint Alliance reported $40.9 million in gross profit for FY25, a 13% or $4.8 million increase from the prior corresponding ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
... amounting to $526.4 million. This is close to eight times the amount that was paid out for the same reason in FY19. Now, the tax office has said it is increasingly hearing about health practitioners encouraging or advising patients to access their super ...

Regal sees inflows rise 120% to $1.9bn

ELIZA BAVIN  |  MONDAY, 25 AUG 2025
... its 12-month net inflows to a record of $1.9 billion, up 120% on the prior corresponding period. Statutory net profit after tax in the first half was $26.3 million. The group brought in $42.4 million driven by strong performance across a range of strategies. ...

Chalmers says tax reform coming, but offers no detail

ELIZA BAVIN  |  MONDAY, 25 AUG 2025
Treasurer Jim Chalmers has confirmed the government intends to cut taxes but also that broader tax reform is necessary. "When it comes to tax, the government's tax policies haven't changed. Our major focus is on cutting taxes, two more times for every ...

Grattan calls for large scale tax reform

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
The Grattan Institute chief executive Aruna Sathanapally called for tax reform when presenting at the three-day Economic Reform Roundtable. "A good tax system raises the revenue to fund quality public services. A better tax system does that more efficiently ...

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... operations. The wealth manager attributed the return to profit to the success of that program, with underlying net profit after tax (UNPAT) up 18% at $255 million and statutory NPAT of $16.1 million - an improvement of $201 million on last year. Net ...

Netwealth reports record FY25 results

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... an increase of $223. The average FUA per average number of accounts was $662,000, an increase of $80,000. Net profit after tax (NPAT) increased by 39.8% to $116.5 million, while NPAT margin grew by 35.9%. Total operating expenses has however grown to ...