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Showing 661 - 670 of 5387 results for "Federal"

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... complaint with AFCA is a necessary step for clients to preserve their possible eligibility under a potential future CSLR". The Federal Court recently ordered Dixon Advisory to pay $7.2 million for failing to act in the best interest of eight clients ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... benefits for those with large super balances, and achieve budget neutrality in the short-term with a positive impact on the Federal Budget as super balances grow. Mercer's changes are forecast to have a positive budgetary impact of $0.04 billion. Emphasising ...

Federal Reserve increases rates 25bp

CASSANDRA BALDINI  |  THURSDAY, 2 FEB 2023
The US Federal Reserve has increased its benchmark interest rate by 25 basis points, the smallest move since March last year. The quarter-point increase shifted rates to 4.75% from 4.5%. In making the announcement the Fed signaled more rate rises could ...

Aussie shares to continue outperformance: Oliver

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... Reserve Bank of Australia (RBA) policy is no longer relatively tight compared to other major central banks, including the Federal Reserve. "It has been taking a more balanced approach to returning inflation to target," he said. "Higher than expected ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
... $4.7 billion in unpaid super each year. "Modernising the law to align the payment of super with wages in the upcoming federal budget would not only drastically reduce unpaid super rates, but it would also boost the retirement savings of all the 4.2 million ...

Aware Super's Intermodal Terminal Company to build $400m terminal

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... solution to maximise the utilisation of the $14.5 billion Inland Rail project. It will also be a key node in the state and federal government's Port Rail Shuttle Network connecting cargo from the Port of Melbourne, ITC added. Aware Super associate portfolio ...

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... financial advice and deal in financial products, and that he was banned from providing financial services by order of the Federal Court. The Commonwealth Director of Public Prosecutions is prosecuting the matter after a brief was referred by ASIC. It ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
... resolution scheme do work in partnership with us, and this is to the benefit of firms as well as consumers," he said. The Federal Court case highlights there are implications for financial firms that don't engage with AFCA's requirements. On ...

Four themes driving 2023: Iggo

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... disinflation will reduce the need for additional increases in interest rates beyond what is already priced in i.e., 5% for the US Federal Reserve's fed funds rate; 3.25% to 3.5% for the European Central Bank's deposit rate; and 4.5% for the Bank of England's ...