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Showing 311 - 320 of 2575 results for "Treasury"

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... areas required for everyone while increasing flexibility in completing the full degree. This approach aligns with the Treasury's suggestions from a paper issued in August 2022. "The reason that we are all aligned is our united desire to see more flexibility ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... chatbots, which he considers "fluffy," he believes there's "massive ongoing deepening" in back-office functions such as treasury and clearing. "When it comes to generative AI, you may have noticed from today's discussions and previous conferences ...

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... we are banking 99% of revenue upgrades this year - keeping pressure off inflation while it is still above band. With Treasury not expecting we could be back to the inflation target this year, not next." In the 2023-24 Mid-Year Economic and Fiscal Outlook ...

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... cut reduced while lower income earners will receive more relief than previously promised by the Morrison government. Treasury will reduce the 19% tax rate to 16% and increase the threshold for the 37% tax rate from $120,000 to $135,000. Treasurer Jim ...

Budget 2024: Change to foreign investment rules

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... investments in non-sensitive sectors will be streamlined and approved faster for investors with a good compliance record. Treasury will assess the investor, the target of their investment, and the structure of the transaction. This comes after the Albanese ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... and other sustainability-related financial misconduct. A further $1.6 million will be given over two years for ASIC and Treasury to consult on the design of a labelling regime to regulate the use of sustainability labels on retail investment products. ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... currently at play isn't ideal as the tests have not changed since 2002 and have not kept up with the times. Last August, Treasury conducted a review of the regulatory framework for managed investment schemes (MIS). This included reviewing thresholds ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... associations developed a proposal to change the current education standards for advisers that has been discussed with Treasury. "There's recognition by both government and the opposition that the current state of the financial advice industry is ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the AOFM to act as a risk manager ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... make it quite difficult under the current testing framework, given the objective to minimise tracking error, he said. Treasury closed its latest YFYS performance test consultation on April 19, which sought feedback on alternative design options. Chu ...