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Showing 391 - 400 of 3288 results for "Above"

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... question but said that its "investment performance, in aggregate, is strong across our suite of capabilities and we are above our long-term target for performance relative to benchmarks across time frames." "Our focus remains on delivering sustainable ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... the Australian Bureau of Statistics (ABS), exceeded economist predictions of 6.4%, and shows inflation is still sitting above the Reserve Bank of Australia's (RBA) target. Higher fuel prices have been attributed to the rise following the halving ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... coordinated and avoid unnecessary duplication. APRA chair John Lonsdale said although BOQ is financially sound and comfortably above its core capital and liquidity requirements, there are significant gaps in its risk management framework that must be ...

Absolute-return bond funds fail ambitious returns: Research

KARREN VERGARA  |  FRIDAY, 12 MAY 2023
... fixed income strategies. However, Morningstar found that the PM Capital Enhanced Yield, with a goal of achieving 1.5%-2% above the RBA cash rate via a low degree of volatility and minimal risk to its capital, is the only strategy that passed its heatmap ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... further pointed out that it's misleading to say the tax rate will only jump from 15% to 30%. "The way it works is the bit above the $3 million will attract extra tax," he explained. But extra tax won't just be accrued on earnings or taxable income ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... industry, the government remained firm in its plan to double the concessional tax rate from 15% to 30% for super balances above $3 million. However, the SMSF Association called for the government to reopen the consultation and said it needs more discussion. ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... High super balances: Australians with higher superannuation balances will see the concessional tax rate applied to balances above $3 million double from 15% to 30% from July 2025. Smokers and vapers: The government will ensure that smoking becomes more ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... slightly less than 1% of GDP. You have to go back to before the year 2000 to see these debt interest rate payments being above the 1% GDP barrier. Australia's annual budget deficit position is even rosier. Australia's 2022-23 underlying cash surplus ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... available to individuals with a total superannuation balance over $3 million, from July 2025. Australians with super balances above $3 million will see their tax rates on earnings double to 30%, up from 15%. The additional tax on earnings imposed by ...

AFCA appoints lead ombudsman, investments and advice

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... our systems and processes to deliver an even better dispute resolution service that is transparent, timely, efficient and above all fair," he said. Last month, AFCA's chief executive and chief ombudsman David Locke was reappointed to the role, and will ...