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Showing 521 - 530 of 2128 results for "Financial Year"

Floods, fires, plagues catered to in Budget

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... government maintains an Emergency Response Fund (ERF), but it is only able to draw $200 million from that fund each financial year under the legislation governing it. Costs from the ERF are not included in the Budget estimates. An estimate of $300 million ...

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... the GDP uplift rate that applies to PAYG instalments and GST instalments will be lowered to 2% for the 2022-23 financial year. Normally, the rate is set at 10%. "A lower uplift rate will mean lower instalments, delivering $1.85 billion in cash flow support ...

AFCA consults on funding

ELIZABETH MCARTHUR  |  THURSDAY, 10 MAR 2022
... resolution scheme would pay only their annual registration fee each year, currently estimated to be $376 for the coming financial year. Among authorised credit representatives, 99.9% would pay only $65.98 annually - steady with their annual membership ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
... invest $40 million to $50 million in the ongoing simplification, estimated to be completed by the end of the 2023 financial year. As for the financial adviser losses that have plagued IOOF since it acquired MLC's advisers, Mota said the losses were to ...

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
... beating investments copped during pandemic-induced volatility. Releasing the annual statistics for the 2019/20 financial year, the ATO said 61% of SMSFs reported making zero or negative return on assets, largely due to the impact of COVID-19. Only 16% ...

Crestone awards back-office, trade execution mandate

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... closely with them". FinClear is backed by Magellan Financial Group and venture capital firm King River Capital. Last financial year, Magellan made three major investments in investment bank Barrenjoey, food chain Guzman y Gomez, as well as FinClear. ...

FPA reschedules Congress

CHLOE WALKER  |  WEDNESDAY, 9 FEB 2022
... opportunity to network with peers and obtain professional development without crossing state lines, in the current financial year. Members who have already registered for the FPA Professionals Congress will be automatically rolled over to November, unless ...

AustralianSuper appoints retirement solutions lead

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... process of merging with the $7.4 billion LUCRF Super. The merger is expected to finailse before the end of the 2022 financial year. "With more people living longer than ever before and the idea of what 'retirement' means being redefined, our ...

BetaShares launches new bond ETF

CHLOE WALKER  |  MONDAY, 7 FEB 2022
BetaShares has launched an Australian Composite Bond ETF, offering investors access to a diversified portfolio of Australian bonds. The new ETF, ticker code OZBD, aims to track the Bloomberg Australian Enhanced Yield Composite Bond Index, before fees ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
Pinnacle Investment Management shuttered one of its affiliates just two years after it acquired a stake. Reminiscent Capital, a discretionary Asian macro strategy, folded in November 2021, resulting in a $1.8 million write off. Pinnacle hoped that Reminiscent ...