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Showing 451 - 460 of 6836 results for "Tax"

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... budget's deep structural deficit have been laid bare." Lee said the government needs to focus on significant economic and tax reform to stabilise Australia's fiscal position. "Australia's structural budget deficit is the result of years of successive ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... interests of shareholders. An independent expert informed the wealth manager that the risk and magnitude of increased potential tax liabilities, if the transaction were to be implemented, mean that it wouldn't be able to form an opinion that the proposed ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... Credit Panel (FSCP) reprimanded two financial advisers who each failed to provide a thorough assessment of their clients' tax liabilities. The first financial adviser, identified as only "Mr. C", was reprimanded for recommending a client make a superannuation ...

Iress reinstates dividends

ELIZA BAVIN  |  FRIDAY, 13 DEC 2024
... base, refocus on core businesses, and manage non-strategic businesses for value. Iress posted a statutory net profit after tax (NPAT) of $17.3 million for 1H24 compared to a $139.8 million loss in the prior corresponding period.

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
... peaking in 2021, real household disposable income per capita - a measure of the value of incomes per person after allowing for tax, mortgage debt payments, and inflation - has fallen around 10%, reflecting a decline in living standards. An additional ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
Super Members Council (SMC) has set out its key policy priorities in 2025 to further strengthen the superannuation system. The advocacy group, which represents over 11 million people, has called for no changes to the superannuation system's fundamental ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
The Australian Taxation Office (ATO) is threatening to impose a massive tax bill on KKR's takeover of Perpetual's wealth management and corporate trust businesses, which has ballooned to more than $500 million. Perpetual said it has "strong ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... bank's target range of 2-3%. To combat higher mortgage rates, data from illion found Australians have been using the Stage 3 tax cuts to reduce debts without increasing their discretionary spending - suggesting inflation could remain "sustainably" within ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Albanese government has reappointed 24 members to the Financial Services and Credit Panel (FSCP) for a three-year period beginning 1 January 2025. The candidates bring with them a range of knowledge and experience across the fields of business ...