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Showing 631 - 640 of 1719 results for "Minimum"

Wills and BDBN raise adviser interest

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... Upon Marsella's death, Wareham then appointed her husband Martin as co-trustee to satisfy the deed, which requires a minimum of two trustees. Wareham then exercised her trustee discretion to pay the entire death benefit to herself. The Court determined ...

Minimum wage rises by 3%

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
Australia's minimum wage is set to rise by 3%. The Fair Work Commission has determined Australia's national minimum wage (NMW) will increase by 3% to $19.49 per hour. Effective from the first full pay period starting on or after July 1, the increase ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... especially perfectly timed with the Australian Prudential Regulations Authority's (APRA) announcement its ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions ...

Wealth firm backs new Perennial fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
... will hold 30-45 investments in pre-IPOs, IPOs and unlisted growth capital. There is a five-year lockdown period and the minimum investment size is $100,000. Fees are a 1.5% p.a. management fee plus a performance fee above a 6.5% net p.a. hurdle. Perennial ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... Crisis in 2008. Not only that, the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... comes perfectly timed with the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... 2%) while calculating the borrower's ability to service the loan. It is now considering allowing ADIs to set their own minimum interest rate floor (currently 7%) provided it is 2.5% higher than the interest rates, with a four-week consultation period ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... receivable), specialised debtors (commercial), and strata funding and personal lending (consumer). Wholesale investors with a minimum of $100,000 have until June 20 to express interest. The open-ended fund is set to list by the end of 2019. Moelis Australia ...

Blue Sky enters receivership

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... Capital Management. As a part of the transaction, Oaktree set up terms or covenants which required Blue Sky to maintain a minimum cash balance, minimum cash recurring EBITDA, minimum net tangible assets and minimum annual capex. These were to be measured ...

Frontier highlights best in show list weaknesses

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
... and qualitative factors such as member services." Carruthers added APRA's new member outcomes legislation will set a minimum standard of delivery, across a range of areas that funds need to provide. "That would give both funds and members certainty ...