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Showing 3181 - 3190 of 10553 results for "BEI"

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
As more than $9 billion in super is requested for early release, Australia's largest superannuation fund has paid out over $1 billion, with funds for the industries hardest hit by COVID-19 not far behind. Australia's largest fund, the $185 billion ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Federal Police are investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

Long/Short fund returns 23.2% in April

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. L1 Capital's Long Short fund lifted 23.16% pre-tax during the month, however the fund is still down 11.57% since the beginning ...

Opportunities abound in COVID-19 environment

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
The uncertainty and volatility that COVID-19 has endowed on markets has opened up opportunities not seen in decades, according to a $9.5 billion Aussie investment manager. However, in order to take advantage of these opportunities investors must be ...

Super switching three times higher: CFS

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
New data from Colonial First State (CFS) found switches by super members were three times the usual rate in March as Australians moved their super to cash in the midst of the COVID-19 pandemic. The data found 39% of those that switched their super moved ...

Capital retention policies may hit investors: Research

HARRISON WORLEY  |  WEDNESDAY, 6 MAY 2020
New research warns moves by regulators to ensure companies keep a tight rein on capital will likely leave investors worse off. A research paper by First Sentier Investors' systematic equities manager Realindex shows investors - particularly those invested ...

MySuper bounces back

HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
While the fallout from the COVID-19 pandemic has demolished the return expectations of investors for the year, new analysis shows MySuper products have managed to turn things around. Latest Rainmaker research shows MySuper products offered by not-for-profit ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Treasurer Josh Frydenberg has revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus ...