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

Search Results

Showing 491 - 500 of 664 results for "Penalty"

Super changes about sustainability: O'Dwyer

KELLY O'DWYER, ASSISTANT TREASURER AND MINISTER FOR SMALL BUSINESS  |  FRIDAY, 27 MAY 2016
... remains a very attractive investment. There are a couple of things I'd like to point out about the changes. There will be no penalty for those who have made more than $500,000 in non-concessional contributions prior to Budget night and their funds can ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... interest of their investors." The matter has been adjourned until 24 June 2016; the court can order a maximum pecuniary penalty of $200,000 to be paid by each individual. ASIC has also accepted the enforceable undertaking (EU) of Countplus aligned adviser ...

Shorten attacks government's retro super changes

DARREN SNYDER  |  FRIDAY, 6 MAY 2016
... will never apologise for standing up for Australians who go to work every day and want to come home safe, who rely on penalty rates to make ends meet, who do not want to be forced to work until they are 70," Shorten said. Shorten further announced a ...

What the budget means for you

MARK SMITH  |  TUESDAY, 3 MAY 2016
... announced a 1,000-strong ATO taskforce to tackle the problem. Similar to measures introduced in the UK, a diverted profits penalty rate of 40% will apply. At the other end of the spectrum, the budget also has implications for the many service providers ...

Budget big picture

ALEX DUNNIN  |  TUESDAY, 3 MAY 2016
... such a political imperative. Indeed the Treasurer expects company tax receipts, thanks partly to the 'profits shifting penalty tax', to climb 23% over the forward estimates compared to a 21% increase in income taxes. Super fund taxes will, however, almost ...

ISA calls out pre-Budget arguments on contribution caps

DARREN SNYDER  |  FRIDAY, 29 APR 2016
... most help will go backwards when the LISC is abolished, unless the government uses next week's budget to reverse this tax penalty on lower paid Australians. Reining in tax concessions for high income earners by lowering the voluntary contribution caps ...

Super flagged to repair Australia's budget

DARREN SNYDER  |  WEDNESDAY, 30 MAR 2016
... particular, if you are under 30 you should be up in arms because the current situation is completely unfair. In addition to the penalty on future generations, as a player in the global economy, running a large deficit means we have no flexibility to ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
... welcomed the retention of the full Superannuation Guarantee Charge following a debate in Parliament. The SG charge is a penalty paid by employers who fail to make their quarterly SG contributions on time. It was set to be diluted under the Treasury Legislation ...

UK to introduce lifetime ISAs

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
... government. Money in the account after the saver reaches age 60 can be used to boost their retirement savings with no penalty. The UK budget papers explain that the government will set the limit for property purchased using Lifetime ISA funds at £450,000 ...

ANZ pays $212,500 for responsible lending breach

ALEX BURKE  |  TUESDAY, 8 MAR 2016
ANZ has paid a $212,500 penalty for breaching responsible lending laws regarding overdraft facilities. The "ANZ Assured" overdraft facility can be applied to particular ANZ transaction accounts and has a limit of either $500 or $1,000. Offers to use ...