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Showing 6041 - 6050 of 17959 results for "Bank"

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... to make payments as required. These earnings amounts will be calculated using a deemed rate of return based on the 90 day Bank Bill rate plus three percentage points. According to the Budget, while these are First Home Saver accounts there will be no ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
The entire wealth management and financial services sector will be impacted by the 2017 Federal Budget, a document that's received mixed reviews and needs caution in its digestion. Financial advisers will face several challenges as they attempt to navigate ...

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... banking industry, including the relaxing the legislative 15% ownership cap and lifting the prohibition on usage of the term "bank" by authorised deposit-taking institutions with less than $50 million in capital. This will, the Budget statement said ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... Council chief executive Sally Loane said further consultation will be required on the Government's final implementation of the Bank Executive Accountability Regime and the Major Bank Levy to ensure they are appropriately targeted and have no unintended ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
New reporting measures to increase accountability for authorised deposit-taking institutions and their executives will be introduced by the Federal Government. The Australian Prudential Regulation Authority (APRA) has been allocated $28.6 million over ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... billion by 2020-21 and a range of new levies that are expected to raise $17 billion over the next four years ranging from the bank levy, increases to the Medicare levy, the Skilled Australians levy and new restrictions on deductions available to housing ...

UniSuper chairman steps down, successor appointed

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
UniSuper chairman Chris Cuffe is stepping down from the board after six years at the helm of the $60 billion fund. "My time at UniSuper has been dynamic and very fulfilling, and I wish the board and executive team continued success in the future," he ...

Treasurer launches new financial system inquiry

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
The government is launching yet another inquiry that will investigate the level of competition across Australia's financial system. The Productivity Commission has been tasked to deliver better outcomes for consumers and small businesses, as well as ...

Strong quarter for CBA

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
The Commonwealth Bank of Australia reported a strong quarterly performance, according to a trading update released to the ASX. Assets under management rose by 6%, while funds under administration increased by 7% in the three months to March compared ...

Australian economy proceeding according to projections

BENJAMIN ONG  |  TUESDAY, 9 MAY 2017
Australian economic and survey data released over the past 24 hours provide further credence to the Reserve Bank of Australia's (RBA) optimism over the economic outlook and at the same time afford federal treasurer ScoMo the right to give Moody's recent ...