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Showing 741 - 750 of 9230 results for "Benefit"

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
The Federal Court has sentenced the promoter of Courtenay House for his involvement in one of the country's biggest Ponzi schemes. David Sipina was handed down three years' imprisonment to be served via an intensive correction order after pleading ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
Superhero Super's assets are about to double, as it prepares to merge with MYOB's Slate Super and Simple Choice Super. Members have now been informed that Slate Super and Simple Choice Super - both sub-plans of the Grosvenor Pirie Master Superannuation ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... "Progress on the grid will assist our members to collaboratively find efficiencies and address common issues. This effort will benefit all Australians by supporting a more resilient and cost-effective superannuation system."

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

January Capital raises $136m for APAC growth credit fund

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
... he is pleased with the overwhelming support on the strategy. "We firmly believe the region's technology companies can benefit from less-dilutive financing structures that best meet their needs," Chao noted. Founding partner Benjamin Dunphy said the firm ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
The government has announced an additional allocation of $401 million over four years to help implement payday super, due to begin 1 July 2026 - requiring employers to pay their employees' superannuation entitlements at the same time as wages. Advocacy ...

PE firm acquires Mason Stevens

KARREN VERGARA  |  THURSDAY, 19 DEC 2024
A $2 billion private equity firm will acquire Mason Stevens for an undisclosed figure. Adamantem Capital has signed a binding agreement to acquire the managed accounts specialist. Mason Stevens chief executive Tim Yule said the transaction will deliver ...

Cbus to play key role in new Bluey movie

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2024
The newly announced Bluey movie is set to fetch big dollarbucks for Cbus members. Cbus members will benefit from the newly announced Bluey feature film, with the industry super fund a major backer of the movie's financier. Parents and children alike ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... Sydney Water, and Transport NSW. During the period, it generated 7.5% p.a. for the State Super Trustee Selection (Defined Benefit) Portfolio and 8.4% p.a. for the Treasury Managed Fund. Some 17% or $19 billion of total AUM sits in unlisted assets. About ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... 2021-22; of those, around two-thirds benefitted from the capital gains discount for individuals and trusts. Around 95% of the benefit was received by people with above median income, and about 82% of the benefit was received by people in the top income ...