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Showing 421 - 430 of 5863 results for "July"

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... financial services Stephen Jones said. It comes about six months after the first tranche of reforms passed parliament in early July. First and foremost, the next tranche will create a new class of adviser "to provide safe and simple advice to Australia ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... by 11.4% over the year to $140.8 billion. "This growth was driven by the increases in the super guarantee rate to 11% from July 2023 and 11.5% from July 2024, and seasonally adjusted wages rising by 3.5% for the year," APRA said. Members contributed ...

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... Australia's (RBA) target range. "Annual inflation was steady at 2.1% in October and remains the lowest annual inflation since July 2021," ABS head of prices statistics Michelle Marquardt said. The top contributors to the annual movement at the group ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Association (SMSFA) has welcomed reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the proposed ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... of economic uncertainty had shifted. "Since APRA's last announcement regarding its macroprudential policy settings in July, inflation has continued to moderate and the risk of higher interest rates has receded somewhat, but we are mindful of potential ...

More guidance crucial for aged care transitions: AMP

MATTHEW WAI  |  MONDAY, 25 NOV 2024
... and investments Melinda Howes said it will come down to the aged care reforms and more affordable financial advice. From July 2025, the government wants to see the cost of aged care linked to the individual wealth of a retiree, with a new means-testing ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... under the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 received Royal Assent on July 9.

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... must pay SG contributions into employee accounts at least quarterly and by the 28 th day of October, January, April, and July. However, from 1 July 2026, employers will have to pay superannuation alongside wages. Under the proposed changes, an individual's ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... accessible to consumers and financial firms. This newest update adds data covering firms with four or more complaints from 1 July 2023 to 30 June 2024. In the superannuation sector, the largest funds in terms of membership received the most complaints. ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... Fair Work Commission Annual Wage Review decision," Marquardt said. "The latest decision of a 3.75% wage increase paid from 1 July 2024 was lower than the September quarter 2023 increase of 5.75%. It was also lower than the Commission's September quarter ...