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

Search Results

Showing 31 - 40 of 141 results for "GST"

HGL relaunches fund to wholesale investors

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... (after all fees), beating the ASX200 by 15%. The fund, which has about $13 million in assets, charges a management free 1% plus GST p.a. as well as fund costs capped at 1.05% p.a. HGL acquired Supervised Investments in March and brought it into the group ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... estimating the new structure increases their cost of doing business on HUB24 from about $3000 a year to about $11,000 before GST. HUB24 also flagged it would move its rebate system from manual to online. But it did not say if it will add a rebate fee ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... institutions can use Remediator to manage the refund process. However, Remediator's fee is 20% of the refund amount plus GST (charged on a no-win-no-fee basis). "The Banking Royal Commission exposed misconduct by banks and some financial advisors. ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... paid following his 2018 relocation from the United States of America. The amount of the reimbursement is $118,557 (includes GST)," the papers state. Not reimbursing the payments would have taken his total remuneration to about $973,921 for the year. ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
... turnover amounts which dishonestly qualified them to receive a Cash Flow Boost payment. This resulted in a Cash Flow Boost and GST claims payment of $20,000 being deposited into a bank account held by Tong, which was then retained by the agent and transferred ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... the dealer group's licensing fees are "economical" compared to competitors, charging a flat fee of $26,000 per annum plus GST (plus 2% PI) per adviser. "We don't want to be the cheapest, because if we are the cheapest then we're probably missing something," ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... MSCI All Country World Index by 11.9%. The proposed management fee is 1.40% and is to be split between Contango and WCM plus GST. Meanwhile, its investors may be disgruntled with the staggering 20% performance fee of excess returns above the benchmark ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... at 3.74% (three months), 0.36% (one year ), 6.55% p.a. (three year), 8.01% (five years). It is priced at 71bps a year plus GST in management fees plus expense recovery capped at 5bps per year. "We are pleased to launch our Diversified Income Fund in ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
... the platform sent updated contracts to fund managers saying they will now have to pay an administration fee of $2000 plus GST per individual rebate arrangement per year. Netwealth said it "appreciate[d] the current economic and financial impacts many ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
A Monash University lecturer has pushed the case for a GST holiday, which he argues is the most effective way to generate "maximum economic bang for the government's buck". In an opinion piece for The Conversation, economics lecturer Isaac Gross argued ...