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Showing 21 - 30 of 2256 results for %22US Treasury%22

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... when implementing regulation - reducing compliance burden and costs," they said. The grid, which will be administered by Treasury, is a rolling 24-month forward program of regulatory initiatives. Based on the UK's system, the grid affects the banking ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... factored into the May federal budget. It's expected to cost about $250 million a year, based on previous estimates by Treasury when the SG rate was still 9.5%. Paying super on top of PPL has long been advocated for by the superannuation industry ...

Vanguard chief executive Tim Buckley to retire

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... as well as the company's Asia-Pacific chief investment officer. Davis is also a member of the US department of the Treasury and the Federal Reserve Bank of New York Investor Advisory Committee on Financial Markets.

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... promised tax cut reduce while lower-income earners are to receive more relief than initially promised. Among the changes, Treasury will reduce the 19% tax rate to 16% and increase the threshold for the 37% tax rate from $120,000 to $135,000 (see Figure ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... required the cancellation of insurance on inactive accounts not receiving contributions for 16 months. Following this, the Treasury Laws Amendment (Putting Members' Interests First) Act 2019 (PMIF) further mandated that Registered Superannuation ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... than a public servant, a judge, a politician, including, might I say, the prime minister himself and the secretary of treasury," Taylor said. "For those lucky enough to have a defined benefit scheme, they will enjoy deferred payments and rates of tax ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... with certain Teal independents who had been "very supportive and sympathetic" to its advocacy efforts in opposing the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill. The Bill, introduced into parliament last ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... seek advice on retirement products, while 62% of these will seek this advice from a financial adviser. Briggs said that treasury should be careful not to default superannuation members into government-designed retirement products as 40% of participants ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... executive of Mizuho Bank in Australia and Commonwealth Bank in Japan. She is currently a non-executive director for the Treasury Corporation of Victoria, Persol Australia Holdings, and the Australia-Japan Foundation, and previously served on the board ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
AustralianSuper has urged for an 'account for life' superannuation reform to Treasury, in a bid to deliver a visionary retirement system. The super fund also advocated for the automation of Age Pension applications, a move that would enable an integration ...