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Showing 721 - 730 of 6882 results for "Tax"

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... opportunities," Huljich said. The fund manager recently launched the Centuria NZ Value-Add Fund No. 2, targeting 13% per annum in pre-tax returns. The fund is set to acquire 43 College Hill located in Auckland to refurbish and convert it to a premium ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... Commonwealth Seniors Health Card status." In making these recommendations, the taskforce rejected the concept of a specific tax or levy to fund aged care, as has been previously suggested. Both Royal Commissioners Richard Tracey and Lynelle Briggs recommended ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... result in a single investment company with a market capitalisation of $2 billion and 30,000 shareholders. WAM Leaders' pre-tax net tangible assets are expected to increase by $238.8 million. WAM Leaders' chair and chief investment officer Geoff Wilson ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
The Super Members Council (SMC) has slammed a proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... according to Morningstar, and is designed for experienced investors who want the potential for long-term capital growth and tax effective income, diversification across Australian companies and industries. The fund primarily invests in a geared portfolio ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... needs. "These findings further highlight the necessity to address the cost barrier, three in four unadvised with needs state tax-deductible advice fees would be a likely incentive to seek advice - increasing to 85% among potential adviser clients," Guiamatsia ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... effective ways women can help curb financial stress in the future. Contributing to super from the age of 30 at an additional pre-tax $25 every week, for example, will result in an additional balance at retirement of $50,000. "That would completely offset ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... did flag there's still more that can and should be done. ASFA, Super Members Council and HESTA said the Low-Income Super Tax Offset (LISTO) should be updated to reflect current tax and super settings. "Firstly, that they increase the maximum income ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... recommendation from the Women's Economic Equality Taskforce. When the government announced the proposed $3 million superannuation tax last year, it was hoped the additional revenues derived would be directed to paying super on PPL. At the time, the ...

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... and laid out plans for the non-performing business units. The 2023 financial reporting period saw Iress' net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss. Iress' share price reached as high as $15.10 in 2021. It ...