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Showing 751 - 760 of 2129 results for "Financial Year"

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... equity strategist Pieter Stoltz said, based on UBS forecasts, market earnings per share (EPS) will not return to financial year 2019 levels until FY23. "Notably, after the GFC, it took more than a decade for EPS to recover to their prior highs due to ...

Future Fund falls 3.4% in March quarter

KANIKA SOOD  |  MONDAY, 27 APR 2020
... fell 23.1% and the S&P 500 fell 19.7%, the Future Fund recorded a negative return of 3.4% meaning that for the financial year to date the Fund return was -0.2%," Costello said. "As the global economic impact of COVID-19 unfolds, the board will continue ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... The bank's executive leadership team has also decided to forego any short-term variable reward for the 2020 financial year. It comes as the group announces statutory net profits of $1.3 billion and cash earnings of $1.4 billion - down 51.4% year ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... of MLC Wealth and said that due to the "challenging business environment" the separation could be delayed beyond financial year 2020. Meanwhile, the NAB announcement also indicated that MLC Life is facing tough times. "The challenging operating environment ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... not pan out and for FY18 and FY19, the AFSL reported no activities or revenue and a small balance sheet. The next financial year, the revenues recommenced. Last January, the AFSL received an invoice from ASIC to pay industry funding levy of $7275, charging ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... during the COVID-19 economic and market turmoil. Australia in March allowed workers to withdraw $10,000 for this financial year and the next from their superannuation savings if their employment has been affected by COVID, in a move that was panned by ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to request withdrawals from multiple funds so long as it is in the same application. This allows individuals ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... members even through the fallout from this pandemic." LGIA's 10-strong C-suite withdrew $3.8 million in the last financial year, with base pay accounting for $2.9 million of the spend. Farrar, as chief executive, was paid $542,000 and $25,000 in ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... working from home during the COVID-19 shutdown will now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents an hour of ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... end of February 2016. ASIC also found Marigold Falconer had not lodged audited financial statements for the 2015 financial year, which were required to have been lodged the previous October. AWSM had its AFSL cancelled by ASIC in July last year after ...