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Showing 481 - 490 of 2180 results for "Financial Year"

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
... firms are looking to do this quickly. "What we are really looking to do is set it up as soon as possible in the new financial year so that's effectively what our start date is," he explained. Initially, it will offer the three funds to support financial ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. This gap has increased from 20% reported ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... change. The fund is also going to rebate a portion of the administration fees paid by accumulation members this financial year, saying it's because its new administration systems are more efficient. "This is in line with our 'profit-to-member' ...

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 ...