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| | | ... Generation Development Group also noted that it's continued investment in its investment bonds range, expanding the number of tax optimised options from 21 to 27, and adding its first fixed interest option. "These funds have an average effective tax ... |
| | | | ... for legacy quality of advice" issues. In a quarterly update, Insignia Financial confirmed it is adding $135 million after tax to its remediation bill for FY24. Of this, close to $60 million relates to "completed assessments for self-employed advisers ... |
| | | | ... potential breaches of their obligations." In response, Insignia Financial said it has made a provision of $23 million after tax, including for the penalty amount and remediation purposes. |
| | | | Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ... |
| | | | ... recommendation is to overhaul the Deductible Gift Recipient (DGR) system, which determines the charities that are eligible to receive tax-deductible donations. "The system that determines which charities can receive tax-deductible donations has grown ... |
| | | | ... authorised under Fortress Wealth Partners and My Money Co, both linked to AFSL Holdings Australia. He was a member of the Tax Practitioners Board and only held a Diploma of Financial Planning. Abdalla has the right to appeal to the Administrative Appeals ... |
| | | | ... Fund, Australian Equities Fund, and International Equities Fund. In addition to the fund closure, Aware super updated its tax parcelling methods with only one option now available. Aware super said previously the fund has three methods of tax parcelling ... |
| | | | The $43 billion public sector fund has welcomed a former central bank deputy governor to its board, while Mercer Super has a new chair. Guy Debelle has joined the fund for South Australian government employees, bringing a tremendous depth of experience ... |
| | | | ... performance fees in the second half of FY24. This time last year, Platinum had $18.1 billion in FUM and made $81 million in after-tax profit. The recent closure of its London office bid farewell to three staff members as well as UCIT funds in the Platinum ... |
| | | | ... contributions and home ownership issues, whereas over one in 10 related to the transfer balance cap, means testing or TPD benefit tax issues. Similarly, one in 10 queries received involved dealing with a death benefit, treatment of assets and income ... |
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