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Showing 441 - 450 of 1719 results for "Minimum"

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... imbalances that continue to occur between fat profits and flat wages." The Fair Work Commission recently increased the minimum wage across all awards which was due to the economic recovery from COVID-19 and high business profits. "The Fair Work Commission ...

Perennial to launch fund, hires

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... July 14 and has hired an investment head from Investec. The Perennial Private to Public Opportunities Fund No. 3 has a minimum raising target of $50 million, up to a maximum of $200 million. Perennial head of private investments Brendan Lyon said the ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... managed ETMF has a management fee of 1.38% per annum, a performance fee of RBA cash rate plus 5% with high water mark and a minimum 6% per annum yield paid quarterly. Three-year returns after fees were 17.6% per annum as of 31 May 2021, five-year returns ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... "Average unemployment recipient receiving federal enhancement (which continues to September) earns above the $15/hr federal minimum wage". It's a no-brainer. Work for US$15/hour - with all the attendant costs of working - or just eat, drink and be ...

Boutique manager names head of distribution

KARREN VERGARA  |  WEDNESDAY, 2 JUN 2021
... global equities such as Alibaba, Alphabet, Amazon and Netflix. The fund targets high-net-worth investors, requiring a minimum investment of $500,000. It has about $88.3 million in assets under management and returned 25.55% per annum in the year to A ...

Platinum launches investment bond

KANIKA SOOD  |  TUESDAY, 1 JUN 2021
... disclosure statement. Lifeplan Australian Friendly Society will act as the issuer of the investment bond structure. The minimum investment size is set at $1000. Management costs are set at 1.35% per year, of which 30bps is administration fees and 1.05% ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... recommendations. Frydenberg and attorney general Michaelia Cash will focus on Recommendation 20 which proposes a guaranteed minimum rate of return for class action members. "This measure is of particular importance to ensure successful applicants are ...

PEXA to IPO in June

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... agreement for the initial public offering of PEXA, valuing the platform at $3.3 billion. On listing, Link will receive a minimum cash payment of $50 million and will increase its stake in PEXA to 47% from 44%. "This is an outstanding outcome for the ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... give written notice to customers at least 20 days before a change in the amount, frequency, method of calculation, or minimum repayments relating to a loan. Contravention of these sections carry 100 criminal penalty units each. The contraventions, which ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... is assumed to accelerate from 1.6% in the March 2021 quarter to 2.4% at the end of the year, reflecting the April 2021 minimum wage increase and a tightening labour market. Annual wage inflation peaks at 2.6% later in the projection..." Higher wages ...