Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 471 - 480 of 11511 results for "Point"

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
Treasury has released its most recent Tax Expenditures and Insights Statement, which shows the government is bracing for a spike in Australians claiming investment tax breaks. The statement flagged those claiming capital gains tax (CGT) breaks in the ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers." Bit Trade offered a "margin extension" product, which allowed payments to be ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... of 0.3% since the middle of 2024, in line with recent population growth. "The participation rate fell by 0.1 percentage point to 67% in November, from the historic high of 67.1% in September," Taylor said. "Despite the fall, the participation rate was ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
The supply-side productivity-enhancing reforms of the Hawke/Keating Labor government, continued by Howard/Costello, have since stalled, leading to a decline in productivity - a key catalyst in the deterioration of living standards, according to AMP ...

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 ...

ANZ chief to retire, external successor named

MATTHEW WAI  |  MONDAY, 9 DEC 2024
... shareholders." Finally, O'Sullivan thanked Elliot for his service over the years. "What a great legacy and what a great starting point for us today for the next lap," O'Sullivan added. "What he has led is the adoption of a purpose-led strategy," he said. ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. ...

2025 economic outlook 'threatening': AMP

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... to lead to a radical change in economic policy but does run the risk of even more public spending. "These considerations point to at least a high risk of increased volatility after the relative calm of 2024." But it's not all bad news, Oliver said, as ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... blacklist will be prescribed in the regulations, Treasury said. It is hoped creating the new class will serve as an entry point for many to the financial advice profession while ensuring there is a clear boundary between the new class and professional ...