Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 2175 results for "Financial Year"

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 ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... Advisory, a subsidiary of the large listed group [E&P Financial Group], which earned over $174 million in revenue last financial year?" As at 10 April 2024, Dixon Advisory and Superannuation Services (DASS) remains a current AFCA member. ASIC cancelled ...

ATO introduces trust taxation changes

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... 1. For beneficiaries of a trust, there will be a new trust income schedule available from the start of the new financial year. "This is a new form that you lodge with your tax return. We've replicated fields from the statement of distribution, so all ...