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Showing 631 - 640 of 1330 results for "AFFECTED"

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... 10,000 per year will benefit from tax offsets applied to the enhanced spouse contributions. "Up to 400,000 people could be affected by the reduction in the concessional contribution cap to $25,000 a year and a higher rate of tax on contributions for ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... placed conditions on Virginia Surety's Australian financial services licence. It must: Refund the life premium paid by affected customers plus interest; Engage an independent external compliance expert approved by ASIC, to review its compliance practices ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... to other orders relating to the same product and price parameters. Ten retail clients and 536 wholesale clients were affected by this, although ASIC noted that the retail clients suffered no financial loss; the loss to wholesale clients was described ...

Age Pension changes looming

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... born before 1 July 1952; and qualification age remains at 65. Recipients of Veterans' Affairs payments also will not be affected. Advisers should be mindful that the changes will not affect the value of the pension, the DSS warned. "The age at which ...

SMSF associations announce merger

EMMA RAPAPORT  |  FRIDAY, 26 MAY 2017
... and challenge for the industry as a third (31%) of self-managed super fund members are reported to have been adversely affected by the impending superannuation reforms - not 4% the government underestimated in last year's budget. A new report from SMSF ...

BGL releases CGT capability for SMSFs

EMMA RAPAPORT  |  MONDAY, 22 MAY 2017
... said. "Simple Fund 360's Big Data Analytical Insights allows clients to quickly and easily determine which funds are affected by the reforms. The work we have done with big data just continues to help our clients manage their SMSFs more efficiently and ...

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
More than 450 listed insurers' bottom lines will be significantly affected by a new global accounting standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance ...

Senior executives sworn to secrecy over bank levy

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... public sphere. "The Government is going to extraordinary lengths to keep this tax hidden from the people who will be most affected by it and from the public," Bligh said. "How can Australia's major banks determine the impacts of this legislation if their ...

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
... billing errors. Barclays did not confirm nor deny the SEC's findings, but agreed to create a fund to repay advisory fees to affected clients. Barclays agreed to directly refund an additional US$3.5 million to advisory clients who invested in third-party ...

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
... legislation and explanatory memorandum," Bligh said. "A longer consultation period, including engagement between banks and all affected regulators, will help to avoid unintended consequences on the economy and financial system." In response, Fraser pointed ...