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Showing 21 - 30 of 56 results for "Millionaires"

Labor's amended cash dividend refunds fall short: SMSFA

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... 2014-15," Bowen said. "Labor does not think it is fair to spend $8 billion a year on a tax loophole that mainly benefits millionaires who don't pay income tax - not when school standards are falling and hospital waiting lists are growing longer." Bowen ...

Advice group solidifies Gen-Y positioning

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
... Enhancers employs 16 staff to look after more than 200 Gen-Y clients on a subscription basis; 15.9% of which have become millionaires in the process. Kelly said such success would not have been possible if he and co-founder and chief executive Sarah ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
... combined. The widening gap has reached a 20-year high. Credit Suisse's Global Wealth Report forecasts the number of millionaires in Australia will grow by 46% over the next five years, to about 1.7 million. Oxfam Australia chief executive Helen Szoke ...

HNWI financial advice demand falls: Research

KARREN VERGARA  |  THURSDAY, 14 DEC 2017
... among high-net-worth investors (HNWI) has fallen to a five-year low, according to the insights, which show 435,000 millionaires own more than $1 million of investable assets. Almost 75% of HNWIs relied on the expertise of a financial advice professional ...

Australia becoming millionaire factory: Credit Suisse

ALEX BURKE  |  FRIDAY, 17 NOV 2017
The 12 months to mid-2017 saw the number of Australian millionaires rise by 200,000 - the third-largest increase after the US and Germany. The Credit Suisse Global Wealth Report showed that over the same period, the number of ultra-high net worth individuals ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... continue its narrow, ideological agenda of delivering billions of dollars in tax cuts to multinational corporations and millionaires." Under Labor's new plan, all company directors will be required to obtain a unique Director Identification Number with ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... say the Coalition's budget is "out of touch", as a Labor Budget wouldn't slash school funding, deliver tax cuts for millionaires or raise taxes for working Australians. He added the Budget gives tax breaks to wealthy investors and property speculators ...

Wealth transfer poses advice business risk

ALEX BURKE  |  FRIDAY, 28 APR 2017
... relationships throughout the largest intergenerational wealth transfer in history. New GlobalData research shows while millionaires represent just 0.2% of the world's population, they hold over 30% of the world's investable assets. On top of that, 35% ...

Advisers halt HNW slide

MARK SMITH  |  TUESDAY, 16 FEB 2016
... $1.57 trillion in October 2014. "The property boom of recent years certainly played a significant role in minting millionaires," said Guiamatsia. "Over 60,000 Australian HNWs indicate the main source of their fortune to be profits made from their property ...

Super reforms to hurt retirees

ALEX BURKE  |  TUESDAY, 2 JUN 2015
The Treasury's proposed changes to the Age Pension in the 2015 Budget were targeted at "liquid millionaires" claiming government assistance, but some industry figures say the new rules will hit the most vulnerable retirees over the long-term. According ...