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Showing 11 - 20 of 1033 results for %22June 16 issue%22

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Burgess told the SMSFA National Conference that the proposed 30% taxation on $3 million super balances could become law by June 30 this year. "The only questions that remains is whether the government's proposal not to index the cap and to tax unrealised ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... non-executive director Mike Hirst succeeding her as the new chair. Hazelton joined the AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Israel's Elbit Systems - public companies that produce defence intelligence and weapons-related solutions. For the period ending June 2023, Aware's Accumulation Growth option, had some $24.7 million in BAE and $6.4 million Honeywell. It held ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... financial year, close to $1 trillion of which is in MySuper products. Total contributions into MySuper products in the year to 30 June 2023 were $134 billion, while $76 billion was paid out in benefits. The average account balance in a MySuper product ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... a five-year return of 7.1%, and a 6.3% return over the past decade. Concurrent with recent returns, in the year ending 30 June 2023, the $9.67 billion manager notched a 48% increase in funds under management and expanded its customer base by 54% to 127,000. ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... period for Scope 3 emissions and "certain climate-related forward-looking statements" for reports issued between July 2025 and June 2028, limiting action related to disclosures to the market regulators, with remedies limited to "injunctions and declarations." ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... these changes to rent assistance, rents would have increased 8.8% in the period. "Electricity prices have risen 8.8% since June 2023. Excluding the rebates, electricity prices would have increased 19% over this period," she said. Prices for most food ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... least February 28. "If it fails to lodge its annual financial statement and audit report for the financial year ending 30 June 2023 during the suspension period, ASIC will consider whether the licence should be suspended for a further period or cancelled," ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... superannuation statistics, encircle Super held 7612 member accounts and assets under management of $2.7 billion as of 30 June 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... Financial Adviser Register, Mink was a Certified Financial Planner and member of the Finance Brokers Association of Australia. In June, ASIC issued banning orders against Mink, who subsequently challenged these decisions at the Administrative Appeals ...