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Showing 621 - 630 of 2183 results for "Financial Year"

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 ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... appreciate that it operates very differently to a super fund, so head-to-head comparisons are ridiculous." Last financial year, the Future Fund returned 22.2%. To gauge how that return would flow through to members if the fund were a government sponsored ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... Super is imperfect, poor performing super funds need to be weeded out. AustralianSuper returned a record 20.4% last financial year and now has $225 billion in funds under management, with the fund on track to have inflows of $20 billion next year. Asked ...

Equal Pay Day offers sobering reminder

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... ago, it was 14%. The latest research shows that women would have had to have worked an additional 61 days last financial year to earn equal pay to men. "Last year, women would have had to work an extra 59 days, and two years ago it was 58 days," Stewart ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... costs and taxes) for the last eight financial years versus a benchmark, and the administration fees for the last financial year versus a benchmark. If on adding the two numbers, the fund slips below 0.5%, it will have failed the test. The investment ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... 42 super funds. The research found every fund claimed it promoted its members' best interests over the 2020 financial year. But 41% of the funds in question will likely fail the new APRA performance test due to high fees and poor returns. The research ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
ASX-listed Mainstream reported $65.6 million in revenue for FY21, up 18% from the previous financial year. The firm said all revenue growth was organic and driven by demand in Australia, Asia and the United States. Operating EBITDA rose 27% to $20.4 ...