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Showing 661 - 670 of 688 results for "Penalty"

Start saving for education early: Lifeplan

... educational expenses. "All that happens in this case is that the full tax benefit is not received. However, there are no penalty fees or defaulting of earnings or anything like that," said Walsh. The minimum investment is $1,000 with a limit of $350,000 ...

Insurer claims from storms reach $200m

... news, the Tax Office has announced that it will give relief to those affected by the floods including extensions without penalty, extra time to pay debts without interest and reconstructing tax records if the original documents were lost or destroyed. ...

Beware the private equity trap

... may not have a full understanding of how much shareholder control they are relinquishing for the big bucks or the harsh penalty and default terms when things go awry. "In many cases, business owners would place themselves in a far better position if ...

ASIC and Citigroup lock horns on insider trading

The Australian Securities and Investments Commission (ASIC) has filed civil penalty proceedings in the Federal Court against Citigroup Global Markets Australia in a landmark case on alleged insider trading activities. Back in August 2005, Citigroup ...

Property promoter gets life ban and $1.1m penalty

Donald Maxwell, a promoter of illegal mezzanine fund schemes, has been ordered to pay $1.122 million in compensation and penalties and has been disqualified from providing financial services for life. Maxwell was the principal promoter for two failed ...

Expats lose out on super

... Worse, the new super rules are in direct conflict with UK pension rules that an individual could face up to a 55 per cent penalty tax rate if the fund transfer breaks the UK's pension preservation rules. Individuals from the US also face similar penalties ...

SEC hits fraudulent insurer with $790m penalty

... funds and occured from at least September 1999 through to June 2003. The insurer will also pay a US$325 million criminal penalty to the US Department of Justice and a $5 million civil penalty to the Massachusetts Securities Division. The Commission's ...

Budget super consultations attract 3,500 submissions

ALEX DUNNIN  |  THURSDAY, 10 AUG 2006
... and pensions where a member has not provided their TFN." But if the member later provided their fund with their TFN any penalty tax paid would be refunded. In the heated political environment following the Budget, post interest rate rises and off-again ...

ASIC pursues Citigroup for alleged insider trading

... shortcomings and failures and orders requiring Citigroup to undertake community service, education and/or to receive a monetary penalty. Deputy chairman of ASIC, Jeremy Cooper, said, "This is a significant case raising two very important issues for the ...

Claws out on unlicensed super trustees

... penalties in place for trustees operating a fund if they are unlicensed. "The federal court will be able to impose 120 penalty units or imprisonment for two years or both," he said.