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Showing 31 - 40 of 165 results for "Stimulus package"

Rich Dad feels for financial advisers

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
Author of ubiquitous personal finance self-help book Rich Dad Poor Dad Robert Kiyosaki says he feels for financial advisers amid the COVID-19 pandemic - though he won't be taking their advice. "They have a tough job, a very tough job," Kiyosaki ...

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
Government stimulus packages and lender deferrals may have softened the economic blow of the COVID-19 pandemic but with end dates in sight, UBS has warned of an impending fiscal cliff. With JobKeeper and Jobseeker packages as well as debt deferrals ...

Revenues lift 30% at Xero

ALLY SELBY  |  THURSDAY, 14 MAY 2020
Accounting software company Xero has seen its full year earnings to March 31 lift 30% to $718.2 million, as financial advisers and accountants shift to digital solutions to run their businesses. Xero's net profit rose to $3.3 million; a $30.5 million ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... gives, of course, is the Fed and Trump's largesse. The White House is currently debating its fourth fiscal stimulus package - worth around US$2 trillion -- and the Fed has pulled out all the stops in underwriting whatever (they be junk bonds or whatnots) ...

Top adviser queries revealed

ALLY SELBY  |  THURSDAY, 30 APR 2020
... partner income impacts an applicant's social security payment rates, Day said. "Since the first economic stimulus package on March 12, the government has been making significant additional announcements as well as updating and providing further clarification ...

Future Fund falls 3.4% in March quarter

KANIKA SOOD  |  MONDAY, 27 APR 2020
... also quashed speculation about the $167 billion fund stepping in to help the government fund its $213 billion stimulus package, which will provide for JobKeeper payments and SME rental relief among other measures. "Our job is just to invest for the legislation ...

Advisers adapt as crisis unfolds

ALLY SELBY  |  MONDAY, 20 APR 2020
Despite both the health and economic destruction that the COVID-19 pandemic has left in its wake, the environment, albeit dark, has highlighted the value of Australia's advice industry. The human element of advice; the ability to connect with someone ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income as a result of COVID-19 and the subsequent shutdown will be able to access up to $20,000 of ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... their entitlements to the new JobKeeper payment and cashflow support under the government's extraordinary stimulus package. The Tax Practitioners Board registered the new legislative instrument yesterday. TPB chair Ian Klug said that the new instrument ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
While industry professionals praised the government's stimulus package, the International Monetary Fund seems convinced it's not enough. So who is right? The IMF predicted that global growth will be -3.3% this year, while Australia's GDP will be significantly ...