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Showing 381 - 390 of 1566 results for "Offset"

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... fell 2% to $570 million," NAB said. "This reflects non-repeat of the COVID-19 Economic Adjustment top-up at March, partly offset by higher collective charges given deteriorating retail asset quality and re-ratings across non-retail exposures, combined ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... to $246 million in the first half, reflecting additional COVID-related and regulatory costs. AMP said this was partially offset by cost savings in the business. It added that it's aiming to build a "best-in-class" retail super business, saying it ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... and shareholders. Comyn said the bank was able to make some gains due to the divestment of its wealth businesses which offset some losses due to lower interest rates and COVID-19. "We have now substantially divested our wealth management businesses in ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... recommended the government increase the cost of the visa class for the Significant Investor Visa (currently at $7880) to fully offset the cost of a service level agreement allowing applications to be finalised within three months. Applications can typically ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... decreases in consumer spending, exports, inventory investment, business investment, and housing investment that were partially offset by an increase in government spending. Imports, a subtraction in the calculation of GDP, decreased." Read: were it not ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... remediation provision relating to the ex-ANZ advice licensees is expected to increase by approximately $80 million. This is to be offset by a corresponding increase in an equivalent receivable from ANZ. The company said in its quarterly results the increase ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... decisions on capital distributions. It is also asking them to use dividend reinvestment plans and other initiatives to offset the diminution in capital from capital distributions where possible. APRA also wants banks and insurers to conduct regular stress ...

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
The difference between Australia and China, my friends, is there are no selfish, stupid "Karens" in China. None that compare to the one in the state of Victoria that has now gone viral, protesting against the mandatory wearing of face masks. Let's ...

Giselle Roux joins Melbourne boutique

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... schools, where the boutique built rooftop solar panels and effectively sells the electricity generated to it for a roughly 40% offset to their total energy cost. It follows an "impact partner model", partnering with charities and similarly-minded enterprises ...

LGS certified carbon neutral

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... certification after it met all the requirements of the Climate Active Carbon Neutral Standard (formerly the National Carbon Offset Standard). LGS closely measured emissions, reducing them where possible, offsetting emissions and publicly reporting on ...