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Showing 561 - 570 of 2024 results for "Application"

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... input $10 instead of $10,000," the ATO said. "The individual is often not aware of this error until they receive the application approval correspondence or the actual payment." The ATO said to ensure that those individuals who have made a genuine mistake ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... individual to self-determine if they are eligible and do not need to provide proof of eligibility when submitting the application. ATO commissioner Chris Jordan confirmed to the COVID-19 Select Committee that fraudulent activity had been identified and ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
Australians have withdrawn $1.3 billion of superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19. Funds have paid a total of 162,879 early release applications so far out ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
Cbus chief investment officer Kristian Fok says the $56 billion fund is seeing a slowdown in early access requests, as members also start to reverse out of cash. As of Wednesday, Cbus had received 45,700 applications from its members to access their ...

Fortescue seeks to hide pricing

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
... WhatsApp equivalent," Argus said. Argus chief executive, Adrian Binks, said the company is vigorously fighting the application. "As an independent publisher of news and information about commodities, Argus journalists shed light on opaque markets by ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
Colonial First State has terminated a $19.5 million diversified fund, after it returned -11.7% in the first three months of the year. The Acadian Diversified Alpha fund will no longer be available to investors, with switches and redemptions from the ...

Top adviser queries revealed

ALLY SELBY  |  THURSDAY, 30 APR 2020
... there is a chance MyGov could overstate the member's actual account balance by a significant amount at the time of application." If a member has insufficient money in their fund, they will be unable to make a second application to withdraw from another ...

ATO to determine duplicate ERS applications

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
The Australian Taxation Office said it will determine if a person has made a duplicate application, telling funds to follow its determination. In an update to the ATO's ERS design and implementation document, the ATO said while the application process ...

Former CFSGAM executive joins industry fund

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... positioning and organisational values. "Norman's proven capability and capacity were evident from his written application," Proebstl said. "However, it was the genuine passion he showed in our discussions for taking advantage of the unique opportunities ...