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Showing 531 - 540 of 6825 results for "Tax"

WAM Active returns 30%, beats indices

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... deals respectively. WAA reported revenues of $13.7 million, up nearly 50% year on year. Meanwhile, operating profit after tax of $8.3 million rose 43% from $5.8 million. Pre-tax NTA grew 22.4% year on year. Oberg noted the absence of IPOs on the ASX ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... year on year. More than $100 million of this came from brokerage and commissions. It made $24 million in net profit after tax following a $2.6 million loss from the prior year, thanks to the sale of 80% of Morrison Securities. "The shift from commissions ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... added that more should be done by the government to ease inflation, rather than the RBA. "Tighter fiscal policy in the form of tax hikes and spending cuts or maybe a 1% super levy on everyone would better spread the burden," Oliver said. "But that would ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... educated, yet skills shortages are now pervasive." CEDA found that Australia is over-reliant on a narrowing and inefficient tax base. In addition, the-housing-price-to-household-income ratio has doubled since the 1990s and is currently around 5.5, and ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... Corporate and superannuation trustee services account for 41% of revenue at $72 million. EQT's statutory net profit after tax was up 10% to $20.7 million. Funds under management, administration, advice, and supervision grew 27% year on year to $202.8 ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... them and will then be paid to their nominated superannuation fund the following year and taxed at the current superannuation tax rate of 15%. Some 180,000 families access the scheme each year; the vast majority of individuals who receive Paid Parental ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... reported in FY23, which included the proceeds of the Australian Executor Trustees sale. That said, underlying net profit after tax came in at $216.6 million, up about 14% on last year's $191 million. The transformation and separation costs incurred are ...

MA Financial eyes growth with Warburg Pincus, Flexicommercial

MATTHEW WAI  |  THURSDAY, 22 AUG 2024
... while underlying revenue saw 5% growth from the prior corresponding period to $134.5 million, underlying net profit after tax dipped 27% to $17.8 million in 1H24. Underlying EBITDA fell 16% to $38.3 million. MA Financial pointed to investment for future ...

Minchin Moore merges with Brand Financial

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... offer a comprehensive suite of financial services, including retirement planning, investment management, estate planning, and tax strategies. Minchin Moore said the merger will be a seamless transition for Brand Financial clients who will continue to ...