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Showing 411 - 420 of 2180 results for "Financial Year"

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income tax payments from 2713 entities climbed ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... over $25,000. Additionally, an advice fee can't exceed 2% of the account balance or exceed $6000 in any given financial year. Vanguard has also introduced a new asset class - Australian government bonds - to its ethically conscious growth investment ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Two major high-net-worth financial advice firms laud the Quality of Advice Review's promises of drastically reduced scrutiny and red tape but have stopped short of saying that they will re-enter the retail client space. JBWere Australia began exiting ...

Calastone appoints new local head

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... investment vehicles." Last month, Calastone released its Q3 2023 fund flow data, revealing a weak start to the financial year for Australian managed fund investors. Managed equity funds recorded inflows of $705 million; the weakest Q3 in Calastone's ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... that both APC Securities and Brava Capital neglected to file financial accounts and auditor's reports for each financial year from 30 June 2020 to 30 June 2022. ASIC revoked the AFSL of APC Securities in July, coinciding with Sutton's permanent ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... financial position unclear. According to ASIC, Brite failed to lodge its statements and auditors report for the financial year ending 30 June 2022. Further, ASIC said the value of funds under management has not been reported by any entity within the ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
The number of life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints ...

Superhero announces strategic hires

CASSANDRA BALDINI  |  TUESDAY, 24 OCT 2023
... are thrilled to welcome Kimberly, Gabriella, Karen, and 12 others to the Superhero family since the start of the financial year," he said. "The additional expertise across the business will play a pivotal role in shaping our future and driving Superhero's ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... median superannuation balance for women aged 65+ years was $168,000, compared to $208,200 for men in the 2019-20 financial year, the taskforce is pushing for the government to legislate super on parental leave as an immediate point of action. The superannuation ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... super fund has remediated 3810 members, who received $1,627,091 in compensation. In the second half of the 2023 financial year, AFCA reported 55 systemic issues. An additional seven cases contravened the law, while 18 organisations refused to follow ...