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Showing 11 - 20 of 293 results for "Levy"

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... of cost-of-living relief measures in the Federal Budget, including the already announced tax cuts, increasing the Medicare levy low-income thresholds and power bill relief. "This government and this Budget delivers for every Australian. A tax cut for ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... government to better manage costs across the Compensation Scheme of Last Resort (CSLR) and implement a fairer ASIC funding levy for advisers. In its pre-budget submission, the FAAA put forward six key items that it said would have a positive impact on ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the costs and levy financial advisers must pay. The Financial Advice Association Australia (FAAA) has slammed the additional costs their members ...

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... June. "This acquisition further cements our leadership in the digital investing space," Betterment chief executive Sarah Levy said. "We are excited to welcome these customers to Betterment where our scalable technology platform will continue to support ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... for those people who've experienced some form of financial harm," he said. For the first year of operations, the CSLR levy is estimated to cost $4.8 million to cover the period from April 2 to 30 June 2024. This will be funded by the government. ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... of operation, drawing outrage from the sector. The government released its estimates for the first and second phase of the levy period. In the first round, the advice sector's levy amounts to $2.4 million - well above the other sectors' levy ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the Royal Commission into Aged Care Quality and Safety, the taskforce was established last year to determine ...

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... us to continue to play a pivotal role in safeguarding the futures of those who rely on us, while also delivering for our levy payers and other key stakeholders," PPF chair Kate Jones said. "As a recognised thought leader in the global pensions industry ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... said. "We continue to engage on several other areas which impact on members' costs of doing business, including the ASIC levy, and the implementation of the Compensation Scheme of Last Resort (CSLR)," Abood said. "Another key area of focus will be ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... in April this year, with an annual cap on compensation payable of $250 million. The board has determined that the initial levy to fund eligible claims from AFCA's first four years in operation should sit at $241 million. The CSLR said the amount includes ...