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Showing 691 - 700 of 4001 results for "Cut"

Wages will not rise from SG cut: ISA

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... rise is delayed. ISA said the evidence that ditching the SG rise will not help wages can be seen from the last time it was cut in 2014. In 2014, the coalition dumped the scheduled increase to the SG in the hopes it would help boost wage growth. ISA said ...

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
Evans and Partners is seeking the nod from shareholders to convert its LITs to open-ended funds and to switch to Perpetual as responsible entity. The largest of these is the $279 million Evans & Partners Global Disruption Fund (EGD), followed by the ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... the September quarter after contracting by 1.3% in the March quarter and 3.2% in June. Interest rate cuts - Bank of Korea cut interest rates from 1.25% at the start of 2020 to a record low 0.5% -- and a total of KRW310 trillion (US$275 billion) in fiscal ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

Worst investment ideas revealed: ARK

ELIZABETH MCARTHUR  |  THURSDAY, 22 OCT 2020
... traditional programming. This industry has been disrupted by streaming services like Netflix. "As a result, viewers have begun to "cut the cord", cancelling their linear TV services at an accelerating rate during the last few years. Without sports, the ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1 ...

Chief economist update: Japan's second wave

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
... annualised rate of contraction in GDP in the June quarter - the worst on record -- the fresh prime minister of Japan has his work cut out for him. The severity of the June quarter contraction is such that, according to Reuters, the BOJ would downgrade ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
The numbers may be better than market expectations but they still don't diminish the fact that Australia's labour market remains weak. The Australian Bureau of Statistics reported that the country's unemployment rate increased to 6.9% in ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Industry Super Australia (ISA) has called for the stage two tax cuts to be matched by a change to the Low-Income Superannuation Tax Offset (LISTO) to help boost the retirement savings of women. ISA said this move could help add tens of thousands of ...