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Showing 571 - 580 of 1927 results for "Treasurer"

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed. Updating its stats, Rest said that as at 10am on May 12 it has paid $886.5 million to 123,022 ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... dates in Royal Commission related draft exposure legislation issued before the pandemic will be extended by six months. Treasurer Josh Frydenberg said the deferral would allow the industry to focus on "planning for the recovery and supporting their customers". ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
Deputy Treasurer Michael Sukkar confirmed the ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... Morrison government's JobSeeker payments that limited the issuance of pink slips. But even this isn't good enough. Treasurer Josh Frydenberg estimates that the economy will lose A$4 billion for every week restrictions remain. It's a tough ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Treasurer Josh Frydenberg has revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... said. "A lot of funds, if they haven't already been talking about merging, COVID-19 will push it up the agenda." Treasurer Josh Frydenberg has pointed out that APRA does have the ability to direct super funds to merge, and has implied that this could ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... taxes. The $650 million requested by AustralianSuper members represents about 17% of the $3.8 billion in withdrawals Treasurer Josh Frydenberg confirmed had been approved by the ATO in the first three days of the scheme, which commenced on April 20. ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications ...

Future Fund board members reappointed

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... their significant experience and expertise across financial markets, corporate governance and public policy," Federal Treasurer Josh Frydenberg said in a statement. Kay has worked in finance in executive and non-executive roles for about 30 years. She ...