Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 497 results for %22Billion Dollars of%22

Pan-Asian equities to perform well: Longlead

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... economy in the world, the most populous country, with ongoing economic reform, supported by the buying power of over a billion Chinese consumers," he said. "The Chinese equity market is a compelling long term proposition for any investor." Looking ahead ...

Aussies reunited with $1bn in lost super

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
Around $1 billion worth of lost and unclaimed superannuation has been reunited with its rightful owners. The Association of Superannuation Funds (ASFA) estimates 700,000 Australians will receive lost super after super funds have sent ATO's latest consolidating ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... withdrawing their retirement savings as soon as they reach their preservation age," he said. Separately, the nearly $3 billion super fund will switch to daily unit pricing from December 1. Investment switches will be processed daily, rather than weekly ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
... the Australian Investment Council estimate the local venture capital and private equity have a combined market of $33 billion, delivering net annual returns of 12.49%. Two years ago, Financial Standard reported that Hostplus was tipped to become the ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

Industry fund launches new passive options

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
A $6 billion industry superannuation fund has introduced a range of low-cost, indexed investment options for members as it closes two other options. LUCRF Super has made changes to its range of investment options to offer members a wider range of low ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal. The research, provided by Finbold, listed the top 10 biggest fines paid by global banks with US institutions ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... the ISDA IBOR Fallbacks Protocol and Supplement will be an important step towards the orderly transition of billions of dollars' worth of financial contracts in the derivatives market," ASIC commissioner Cathie Armour said. "Industry wide adoption will ...

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 ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... from 6 October 2020 until 30 June 2022. The incentive will apply to small to medium businesses with turnover of up to $5 billion and is expected to apply to around $200 billion of investment and deliver $26.7 billion in tax relief. Treasurer Josh Frydenberg ...