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Showing 421 - 430 of 2127 results for "Financial Year"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... deemed to be in the best interests of the member. Intra-fund consolidation must be undertaken at least once each financial year - an obligation written into law a decade ago. A recent review of nine trustees by ASIC found three of the nine did not have ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... that will operate the CSLR, including funding the costs of the first levy period through to the end of the 2023-24 financial year. "The scheme will then be funded by industry for future years," he said.

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... to consult on expanding automated order processing rules to futures markets to reflect developments with AI next financial year. "We are also planning to update our electronic trading guidance for the same reason," he said. Longo emphasised the need ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... statistics from the Australian Taxation Office found that on average SMSFs earned $27,266 in income in the 2020-21 financial year. Investment Trends' SMSF Adviser Report found that new policy proposals, including indexation of the transfer balance ...

Government pledges $2bn to fast-track social housing

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... additional funding brings the government's investment in housing and homelessness to more than $9.5 billion in the financial year to June 30. "At every opportunity, we have added to our already ambitious housing agenda," said housing minister Julie Collins. ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... Tim Howard says super contribution planning is top of mind for clients and their financial advisers this end of financial year. On a recent podcast episode, Howard told Financial Standard it's not just about maximising superannuation contributions ...

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
... firms are looking to do this quickly. "What we are really looking to do is set it up as soon as possible in the new financial year so that's effectively what our start date is," he explained. Initially, it will offer the three funds to support financial ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. This gap has increased from 20% reported ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... change. The fund is also going to rebate a portion of the administration fees paid by accumulation members this financial year, saying it's because its new administration systems are more efficient. "This is in line with our 'profit-to-member' ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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