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Showing 581 - 590 of 6880 results for "Tax"

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... following the release of performance results to ensure changes align with their individual circumstances and take into account tax implications." APRA deputy chair Margaret Cole said: "This year's results demonstrate the progress being made to address ...

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
Generation Development Group's (GDG) underlying net profit after tax rose 55% to $11.2 million in FY24. Its subsidiary, Generation Life, chief executive Grant Hackett said FY24 proved to be another year of outperformance for the company, "surpassing ...

Pengana losses up 789% in FY24, revenues rise

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... reported a significant increase in losses for FY24 compared to FY23 - up 789%. The company reported underlying profit before tax of $2.4 million and a loss from ordinary activities after tax of $4.3 million for the year. Pengana's revenues for FY24 ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... million loss and farewells its chair. Releasing its full year results this morning, Perpetual reported a statutory loss after tax of $472.2 million. This was on the back of the previously announced $547.4 million impairment related to a writedown on ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ...

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 ...