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Showing 351 - 360 of 1553 results for "Offset"

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... assist to extend the longevity of membership. It's plausible that the increased longevity of membership could even offset the slower rate of accumulation of new members for LNK."

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... $4.9 billion of relief for temporary loss carry-back for companies with the same criteria (turnover up to $5 billion) to offset tax losses that have been paid to generate a profit. Businesses will receive a tax refund until 2022 against losses incurred ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... full value of any eligible asset they purchase until June 2022. Those that have been doing it tough will also be able to offset losses incurred to June 2022 against any profits made in or after the 2018-19 financial year. This is in addition to the previously ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... the group's ability to attract new funds and grow assets under management," Moody's said. However, this will partly be offset by the continued strong inflows into the group's asset management operations, which according to the rating's house, "demonstrate ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean". About 24,000 employers have admitted to underpaying staff approximately $588 million in ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... guarantee at 9.5% will have a modest budget benefit in the short term via higher taxation revenue, but over time will be offset by lower superannuation. In another scenario, increasing the SG by 0.5% next year will improve the budget bottom line via ...

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... Unity's operating business generated overall revenue growth, up $10.4 million from the previous year. However, this was offset by lower investment returns (down $18.9 million) and a $187.5 million decrease in benefit fund revenue, which the group ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... $1 per week per unit of cover. From October, this will increase to $1.38 - up 38%. Intrust said the increases to are to offset the impact of "several legislative and economic factors". "Our premium rates have been very good value for many years, and ...

New research head at Centrepoint Alliance

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
The ASX-listed dealer group has hired a portfolio manager from IOOF as its new head of research, after the incumbent left in May. Daniel Stojanovski will start as Centrepoint Alliance's head of research on October 13. He joins after nearly five years ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... been shielded from the economic pain of the COVID-19 restrictions by the massive amount of government stimulus that has offset the negative impact on wages and salaries. But this support cannot last forever." Pearson said in the coming months, many households ...