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Showing 561 - 570 of 2129 results for "Financial Year"

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... risk-takers whose total fixed remuneration plus actual variable remuneration is equal to or greater than $1 million in a financial year of the entity. APRA deputy chair John Lonsdale said: "Effective implementation of CPS 511 will strengthen the resilience ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... fund provider about influencing employees' choice of super funds. The regulator will conduct a review this financial year on how trustees abide by its requirements and may consider action where misconduct causing consumer harm is identified. ASIC ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
The number of consumer complaints received in relation to the big four banks has fallen over the last financial year, the Australian Financial Complaints Authority (AFCA) said. Complaints about Westpac, ANZ, NAB and Commonwealth Bank fell 7% out of ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... strategies reported stellar performance, with over 33% returns. Magellan made three capital investments in the financial year, in investment bank Barrenjoey, food chain Guzman y Gomez and in financial services provider FinClear.

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... strategies reported stellar performance, with over 33% returns. Magellan made three capital investments in the financial year, in investment bank Barrenjoey, food chain Guzman y Gomez and in financial services provider FinClear.

AFA Foundation supports thousands in need

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
... face of COVID-19, the AFA Foundation raised just shy of $40,000 in FY21, helping 13 charities in the process. Last financial year, the AFA Foundation received 23 applications for grants and selected nine recipients in addition to its four charity partners. ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
... Commonwealth Parental Leave Pay in the last 10 years. Under this scheme, no superannuation is paid. In the 2019-20 financial year alone, 170,860 women missed out on $216.7 million in super payments, ISA found. Parental leave is one of the only forms ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... AFSL applications and ACL applications, representing a significant increase from the 1346 received in the previous financial year. ASIC suggested that the increase was mainly due to licensing reforms relating to insurance claims handling and debt management ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... Super Fund continues to outperform Australian MySuper funds, posting its a best-ever return of 29.6%. The 2020-21 financial year saw the fund reach new heights of NZD$59.8 billion, an increase of NZD$15 billion year on year. It also beat the New Zealand ...

Auditor referral threshold test troubling: SMSFA

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
... in good faith, undertake an assessment of their likely fee income and sources for the year at the start of a new financial year. Although fees, including referral fees, for the previous year may assist in a budgeting or planning process, there are no ...