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

Search Results

Showing 511 - 520 of 2214 results for "Financial Year"

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... to consult on expanding automated order processing rules to futures markets to reflect developments with AI next financial year. "We are also planning to update our electronic trading guidance for the same reason," he said. Longo emphasised the need ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... statistics from the Australian Taxation Office found that on average SMSFs earned $27,266 in income in the 2020-21 financial year. Investment Trends' SMSF Adviser Report found that new policy proposals, including indexation of the transfer balance ...

Government pledges $2bn to fast-track social housing

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... additional funding brings the government's investment in housing and homelessness to more than $9.5 billion in the financial year to June 30. "At every opportunity, we have added to our already ambitious housing agenda," said housing minister Julie Collins. ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... Tim Howard says super contribution planning is top of mind for clients and their financial advisers this end of financial year. On a recent podcast episode, Howard told Financial Standard it's not just about maximising superannuation contributions ...

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. ...