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Showing 11 - 20 of 66 results for "Bill for"

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... investors will have fewer franked dividends and corporate income tax collections will be lower." Bragg lambasted the bill for "destroying" the ability of companies to pay franked dividends following a capital raising activity. "There is no case to abolish ...

Consultation opens on crypto regulation bill

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
Liberal senator Andrew Bragg has released a draft bill for consultation that introduces licences for digital asset exchanges, custody services, stablecoin issuers, and instigates disclosure requirements for Chinese state-owned banks that facilitate ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... financial advisers could increase substantially. An ongoing criticism of the levy has been that all advisers are footing the bill for the institutions' misconduct, paying for ASIC's ongoing actions against them. The levy is currently set at the 2018-19 ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... would not have covered managed investment schemes," Abood said. "This would leave financial planners to foot most of the bill for a scheme that would have left the majority of affected consumers unprotected." At present there is $3.7 million in unpaid ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
... resulted in increased cost pressures within certain sub-sectors, including financial advisers being lumped with footing the bill for the misconduct of a select few institutions. The newly released scope of review outlines that consideration and where ...

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... to building innovative industries, domestic supply chains and advanced manufacturing capabilities. He also praised the bill for helping lower energy costs, reducing climate related risks that threaten the economy and for creating millions of quality ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... at 21.4% in the year ending June, lower than the 30% tax rate that applies to companies and lightening its total tax bill for FY21 by about $44 million. This is because MFG is currently recognised as an Offshore Banking Unit, which allows its assessable ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... each been for Shipton to receive personal tax advice. Each procurement had a value of $25,000, bringing the total tax bill for Shipton to $75,000. Hehir acknowledged issues of governance over the procurement of tax advice within ASIC. It was not clear ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... charges have been increased $97 million from the first half of the year to $188 million after tax. The customer remediation bill for the year has now risen to $279 million. The bank also flagged a $138 million charge after changes to its software amortisation ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results. The bank has increased its provisions for customer remediation to $266 million after ...