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Showing 381 - 390 of 4269 results for "Yesterday"

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... of their last sitting is closer to becoming official. The Financial Advisers Standards and Ethics Authority announced yesterday that the Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021 has been lodged with the federal ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... However, it said it would "consult with industry on alternative measures to support the industry". Magellan's FY21 results yesterday noted the change in law. "Once abolished, the concessional 10% rate will no longer be available and all our assessable ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... First-round consultations for the proposed regulations took place between from 28 April 2021 to 25 May 2021. Hume announced yesterday that the government has proposed several amendments and a new round of consultations. The second round of consultation ...

Perpetual ups acquisition liability

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... million. Perpetual has $98.3 billion in assets under management, which grew by 3.1% year on year to the end of June. Yesterday, the group announced that it acquired boutique financial advice firm Jacaranda Financial Planning for an undisclosed amount ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... AMP boasted a 2017 half-year NPAT of $533 million, while its share price traded over $5. AMP shares closed at $1.08 yesterday and traded at $1.10 mid-morning upon the results announcement. AMP Capital and the wealth management business overshadowed the ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... windfall for retirees and other low tax investors who value franking credits most," he said. "Using CBA's closing price yesterday of $106.56 as a guide, we estimate the buyback will be worth approximately $121.63 per share for tax-exempt investors ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs. Appearing before the Standing Committee on Economics on Thursday ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
... Retirement (CIPRs) - and walk away from it if it needed to focus on more important issues for retirees. The paper released yesterday asks super trustees to focus on providing maximum income possible to retirement products but changed "longevity" and ...