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Showing 271 - 280 of 2980 results for "Problem"

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... are not complying, we expect strong transparent action from the funds and regulators. "It's important we fix this problem across the super system and getting funds to sort out intra-fund consolidation is the first step." QMV Legal managing partner ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
In a new podcast, HLB Mann Judd wealth management partner Michael Hutton says the plan to double concessional tax rates on super balances over $3 million has many pain points. Speaking with Financial Standard, Hutton said he is not a fan of the proposal ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
ASIC has further staged the implementation timeframe for internal dispute resolution data reporting. In total, 8600 financial firms will report their customer complaints data for the first time under the framework. The first group to do so comprised ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
... laissez-faire when it comes to government support in bringing down inflation, he added. "You can't solve a cost of living problem that's generating higher inflation by pushing more money into the economy; that simply puts upward pressure on demand ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... co-founder and executive chair Evan Thornley told Financial Standard that shared equity helps solve a "crushing social problem whereby Australia has third of a generation who don't have access to the Bank of Mum and Dad and are in an impossible position ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
According to an ASFA report, the government's proposed superannuation changes will improve equity by curbing tax benefits for high-income earners. The introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... said. Taking a global view Modern slavery and wider human rights impacts are not limited to one country, but a global problem, and a risk facing many Australian companies through their extended supply chain. Baptist World Aid has released its 2022 Ethical ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... $180,000 receiving the lion's share of benefits while minimum wage workers get nothing", will only make the inequality problem worse. "Soaring energy prices have seen gas and electricity bills increase for average Australians, while super profits form ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... GDP, Grattan Institute said the government must cut wasteful spending and raise taxes as soon as possible, adding the problem will only get worse as the population ages and climate change worsens. Among its recommendations in Back in black: A menu of ...