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Showing 11 - 20 of 397 results for "Mistake"

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
... trap of his office staff being infiltrated by Treasury bureaucrats who tend to push their own agenda, this was a critical mistake former minister Jones made that ultimately led to his downfall," he said. The Institute of Financial Professionals Australia ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
A collective of industry bodies, including Chartered Accountants ANZ and the Financial Advice Association Australia, want the government to push the implementation of Payday Super to July 2028. In a joint submission to Treasury, eight industry lobby ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
The US Federal Reserve left interest rates on hold when it met overnight as it takes a "patient" stance while it awaits the inflationary impacts of US President Donald Trump's tariffs. The Fed noted that "uncertainty about the economic outlook has increased" ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers has kicked off the 2025-26 Federal Budget by declaring that cost-of-living pressures are "front and centre," unveiling two surprise tax cuts for all Australian taxpayers. From 1 July 2026, the 16% tax rate, which applies to taxable ...

Super doesn't have to be 'boring', but innovation is key

ELIZA BAVIN  |  WEDNESDAY, 12 MAR 2025
Leaders at Aware Super, NGS Super, Rest and AMP have all pointed to slow moving systems as standing in the way of innovation while speaking at the AM Tech Day conference in Sydney. AMP group executive, platforms Edwina Maloney said traditional thinking ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... and cooperated at all stages with the regulators," AustralianSuper chief executive Paul Schroder said. "We found this mistake, we reported it, we apologised to impacted members, we compensated them, and we've improved our processes to prevent this ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Generation X and Millennials collectively drove about 85% of new self-managed superannuation fund (SMSF) establishments for the six months to 31 December 2024, according to a new report from Class. The total value of the net assets administered on Class ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... death benefit payouts. The industry fund, which has over two million members, wrote to impacted members acknowledging the mistake made with their insurance and confirming it's since been fixed. In the letter to members, Rest explained that under its ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
HESTA chief executive Debby Blakey has said the super fund has been engaging directly with MinRes regarding its recent governance failures and "remains disappointed" with the company's responses. "Our concerns include that the managing director's ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
The market regulator provided an update on its investigation into ANZ's role as joint lead manager and risk manager of the issuance of 10-year Australian government Treasury Bonds last year. The investigation, commenced April last year, is currently ...