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Showing 371 - 380 of 1432 results for "The Age"

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... residential aged care to aged appropriate accommodation. "This will support the government's target to have no people under the age of 65 living in residential aged care by 2025," it said. "From March 2019 to June 2020, there has been a 39% reduction ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Australia's aged care system is failing and needs to be overhauled, according to the Grattan Institute. Grattan health program director Stephen Duckett said the care and support of older Australians must come before the profits of private providers. ...

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... future retirees with interest rates falling across the world and the majority of COVID-19 related deaths in Australia over the age of 70. Natixis Investment Managers in Australia chief executive Damon Hambly said the mandatory superannuation system has ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
J.P. Morgan Chase & Co is set to cough up close to $1.4 billion (US$1 billion) to shut down regulatory and government agency probes into market manipulation allegations on its precious metals and treasuries trading desk. As first reported by Bloomberg ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
The cost of income protection cover via Tasplan will go up by 7.3% at the end of September. Tasplan attributed the increase to the trio of recent legislative reforms, current economic environment and increase in insurance benefits being paid to members. ...

APRA, ACCC sign new MoU

ALLY SELBY  |  TUESDAY, 15 SEP 2020
The Australian Prudential Regulation Authority and the Australian Competition and Consumer Commission have signed an updated memorandum of understanding in a bid to increase information sharing, coordination, and cooperation between the two regulators. ...

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... Members that have fixed death and TPD or income protection will not have changes to cover and will remain the same until the age of 61 at which point it will start to reduce until it reaches zero at age 70. Australian Ethical noted there will no longer ...