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Showing 301 - 310 of 2127 results for "Financial Year"

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... for the TPD definition from three months to six months, likely delaying financial support. Notably, in the 2023 financial year, the Australian Financial Complaints Authority received over 2500 complaints about group insurance through superannuation and ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... interest rates" are dictating many adviser-client conversations, according to BT, as they gear up to close the financial year. An analysis of 8000 queries from financial advisers fielded by the BT technical services team found that inflation and cost-of-living ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The Brisbane District Court sentenced three women from Queensland, whose identities were not revealed, for submitting ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... game," she said. "Last October, ASIC looked at 156 financial reports from companies across the ASX for the previous financial year. Over a third of them were found wanting." Constant said ASIC would be looking closely at super funds as this is the first ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... obligations for itself for the financial years ending 2022 and 2023, and the six managed investment schemes for the financial year ending 2023, excluding the Aurora Fortitude Absolute Return Fund for the half-year ending 31 December 2023. The licence ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... 596,370 year on year. Separately, Treasury is seeking feedback on the proposed levies for APRA affecting the 2024-25 financial year. Treasury estimates it will cost a net total of $246.1 million in FY25 to recover APRA's operational costs - up 10% ...

Lendlease ditches overseas construction

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... construction and apartments, and other developments. Some $2.8 billion is due to be freed by the end of the 2025 financial year that comes from US Military Housing, Retirement Living, Ardor Gardens in China, the Australian communities projects, and Asia ...

HMC Capital scoops up Payton Capital

ANDREW MCKEAN  |  FRIDAY, 24 MAY 2024
... credit platform. HMC agreed to purchase Payton for $127.5 million; six times its estimated earnings for the current financial year. It also agreed to pay up a further $16.5 million in cash, contingent on meeting unspecified performance targets. In an ...

Budget 2024: Chalmers looks to reset aged care, NDIS

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... track. The government has said it will invest $531.4 million to offer an additional 24,100 Home Care Packages next financial year. It is also providing $87.2 million to attract nurses and other workers into aged care, and has committed to increase the ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... the fast-increasing cost of the ASIC levy. The financial advice subsector was charged in total $47.6 million last financial year - more than any other sector including super funds, listed companies, and life insurers," Abood said. "The per-adviser amount ...