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Showing 431 - 440 of 2127 results for "Financial Year"

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... funds between super funds and unions. Bragg said that super funds transferred $13 million to unions in the 2020-21 financial year. Further, he noted that these transactions are forecast to reach $30 million by 2030. "These payments are not solely for ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... RBA. "Most forecasters have growth slowing down, the budget released early in May showed a slowdown in the next financial year to 1.5%, the RBA's forecasts of growth slowing down to 1.25%," he says. Oliver explains AMP sees growth slowing down a ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... funds disclose the amounts deducted from reserves that form part of administration fees and costs. Over a typical financial year, if member contributions don't cover all of Spirit Super's operational expenses, the deficit is balanced using its reserves. ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
Treasury has proposed a 1.5% increase in the Financial Institutions Supervisory Levies for the 2023-24 financial year, including a $7.2 million budgetary boost for APRA. Treasury papers revealed the total funding required under the levies in 2023-24 ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...

Qantas Super appoints deputy investment chief

ELIZABETH FRY  |  FRIDAY, 12 MAY 2023
... chief said Qantas Super's growth option was one of only three funds to achieve a positive return for the 2022 financial year.

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... businesses continue to rise and it is a high priority to minimise the impact of the levy being unfrozen from the current financial year. A great way to make financial advice more affordable for consumers, is to reduce the business costs involved in the ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... same. Businesses writing off assets: The small business instant-asset write off has been extended for the 2023-24 financial year, allowing small businesses with an annual turnover of less than $10 million to immediately deduct certain assets worth less ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... enforcement activity against greenwashing in the sustainable investing sector, pledging $4.3 million for the 2023-24 financial year. Product providers pledging to invest sustainably by excluding specific industries or companies but don't deliver ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... taxonomy. Jones pointed to Treasury's announcement that it will provide an additional $4.3 million in the next financial year to assist ASIC to continue its existing focus on greenwashing. "Sustainable business strategy has to start in boardrooms ...