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Showing 571 - 580 of 2183 results for "Financial Year"

Regulators release crypto, cyber security roadmaps

CHLOE WALKER  |  THURSDAY, 21 APR 2022
... cyber-enabled crime is an increasing threat to Australians., with over 500 ransomware attacks reported in the 2020-21 financial year. AUSTRAC chief executive Nicole Rose said businesses must understand how to distinguish between criminal activity and ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... legalsuper, Mine Super and REI Super. "Superannuation returns had one of the best years on record in the 2020/21 financial year, returning an average of almost 19%. And even despite the recent market corrections due to world events, average returns are ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... allow superannuation trustees to continue to use the relief when sending annual statements to members for this financial year. ASIC's class order 'Relief for providers of retirement estimates' gave conditional relief from the licensing, conduct and disclosure ...

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... given that the budget makes no mention of an extension to the low and middle income tax offset for the 2022-23 financial year. The government has made its intention to push ahead with its broader tax reform agenda from 2024 clear though. "Under the cuts ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... low and middle income tax offset - which is also known as the 'lamington' tax offset - beyond the current financial year though, meaning that millions of workers could be in for a tax hike from July 2023.

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% ...