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Showing 6931 - 6940 of 28267 results for "NOT"

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... financial stability, economic activity and the Australian community whereas on the other end of the spectrum, tier four would not have an impact. Following a risk assessment, entities will be placed into one of five supervisory stages that will impact ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
"Money, money, money Always sunny..." -ABBA Money, in Aussie dollar terms, amounts to "$98 billion in response and recovery support, including $25 billion under the COVID-19 Response Package and $74 billion under the JobMaker Plan" the Federal Treasury ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... concern that there may be individuals who find themselves uninsurable because they are stapled to a fund whose insurance does not cover their occupation," Scheerlinck said. "There is no place for underperformance in defaults but the government has failed ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... dollar debt and accused the government of being inconsistent. Chalmers also put the spotlight on a number of issues that were not addressed in the budget, like climate change and sluggish growth. "There is no plan to lift the permanent rate of JobSeeker ...

Budget boosts female participation

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... women, which has been knocked back by the coronavirus pandemic. Federal Treasurer Josh Frydenberg is making sure women are not left behind in the budget, promising $240 million to ensure their workforce participation reverts to its pre-COVID-19 record ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... seniors was estimated at $53.5 billion and JobSeeker income support was $34 billion. The $34 billion for the unemployed will not be the largest social security expense, though. The largest expense in social security is assistance to the aged at $77.9 ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

Will Janus Henderson and Invesco merge?

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... recent Legg Mason deal which was fully cash funded and utilised excess cash on Franklin Templeton's balance sheet, it does not appear that IVZ has a readily available war chest. We therefore believe scrip will be the major currency, with a portion ...