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Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... reflect up-to-date economic parameters. "These methods have not been updated for many years and do not reflect the current social and economic climate," Treasury said. "The amendments are consistent with the government's proposed objective of superannuation ...

Philip Lowe joins LIC board

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... beyond." FGX has $545.5 million in assets returning 13.1% per annum at the end of December 2023. FGX and FGG have made a social impact investment that focus on Australian children and youth at risk worth $37.8 million. The LIC's founder and director ...

Perpetual adds director, institutional business

ELIZABETH FRY  |  MONDAY, 11 MAR 2024
... of my life in Australia - during a wild summer... I am excited to announce that I have joined Perpetual," she posted on social media. In the post, Hillyar thanked her new team for a warm welcome. "I look forward to reconnecting with my industry colleagues ...

Equip Super set to hire top chief experience officer

ELIZABETH FRY  |  FRIDAY, 8 MAR 2024
... during this time and grateful for the support of everyone at Equip, who made my experience so enjoyable," she posted on social media. "It is always the people you work with who make a role great, and the brilliant people across the fund work hard to ...

New campaign pushes for reproductive leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... wellbeing of individuals experiencing menopause and perimenopause, considering issues like mental health, self-esteem, and social support. It will also consider the impact of symptoms on caregiving responsibilities; the cultural and societal factors ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... the super gap and to make decisions about balancing care and work easier for women." Similarly, minister for families and social services Amanda Rishworth said: "Paying superannuation on PPL is another key step to prioritise gender equality, better value ...

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... dream is out of reach and they will never own a home. It is unacceptable. Home ownership has an unparalleled economic and social benefit," Bragg said in accepting the portfolio. "The key determinant of success in retirement is your home ownership status ...

Arena welcomes chief investment officer

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... Lease. "I am excited to be working with the Arena REIT team to contribute to the growth of the highly respected Arena REIT social infrastructure property business," Bailey said. Meanwhile, de Vos said he is pleased to welcome Bailey to the team and looks ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... figures who endorse and link to online investment trading platform scams. These fraudulent schemes are commonly found on social media. According to Scamwatch, Australians reported losing more than $8 million to online investment trading platform scams ...

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... petition. Unperturbed, Scholz, who boasts 116,000 followers on Instagram, has recently flaunted his lavish lifestyle on social media, posting videos from a high-end restaurant in Dubai and showcasing drives in a Rolls Royce. Additionally, he shared a ...