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Showing 281 - 290 of 1810 results for "Bill 2013"

Ellerston to shutter Morphic ESG fund

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management. Investors were notified in December last year that an assessment of the fund's viability would take place this ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ...

Hume puts finfluencer followers on notice

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Senator Jane Hume is warning consumers who fall victim to bad advice from finfluencers not to rely on the government for compensation. Speaking on the first day of the Association of Financial Advisers national conference, the minister for superannuation ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
The New Zealand Super Fund continues to outperform Australian MySuper funds, posting its a best-ever return of 29.6%. The 2020-21 financial year saw the fund reach new heights of NZD$59.8 billion, an increase of NZD$15 billion year on year. It also ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
The Australian Tax Office announced it will not pursue businesses that took advantage of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error. The ATO revealed that over one million businesses ...

Sunsuper, QSuper finalise executive team

ELIZABETH MCARTHUR  |  FRIDAY, 10 SEP 2021
The funds have announced two new hires as they work towards finalising their merger and the creation of a $200 billion Queensland mega fund. Anthony Rose has been appointed chief financial officer, and Helen Jackson has been appointed chief people officer. ...

Legislation introduced to create Queensland mega fund

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was tabled in Queensland's parliament last week which, if passed, would pave the way for Sunsuper and QSuper's merger. On September 1, Queensland treasurer and minister for investment ...

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
State Street Corporation will acquire the custody business of a competitor for $4.74 billion (US$3.5bn). New York-headquartered Brown Brothers Harriman & Co. (BBH) has entered into a definitive agreement with State Street to sell BBH Investor Services ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

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 ...