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Showing 781 - 790 of 2129 results for "Financial Year"

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... pursuing prosecution, with "a couple" of cases open at the moment. "We hope to see a result on these cases later this financial year. Hopefully if we get some kind of decent outcome that can act as a deterrent," she said. "We referred seven tax agents ...

Profits down as Perpetual looks to future

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
Perpetual posted a smaller profit in the first half of the financial year,impacted by net outflows and forcing a greater focus on "strategic growth initiatives". The wealth manager recorded a $51.6 million net profit after tax in the first half, a result ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... outcome of the ongoing regulatory investigations from ASIC and APRA are unknown. The $80 million impact for this financial year is due to the cost of the response plan the bank currently has underway. "Westpac remains committed to materially lifting ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... to their approved product lists. Earlier this week the financial services conglomerate said it expected its 2020 financial year performance to be down on last year, despite growth in the firm's asset management and banking and financial services ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... Wealth. NAB said that due to a challenging business environment, the separation of MLC Wealth may be delayed beyond financial year 2020. "Work on operational separation has progressed well but the business environment remains challenging," it said. "This ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... shareholders was $2.5 billion, with the company saying this was largely due to impairments taking in the first half of the financial year to address legacy issues and "position AMP for the future". AMP Capital and AMP Bank were the only two arms of the ...

Macquarie expected to fall short of 2019 performance

HARRISON WORLEY  |  TUESDAY, 11 FEB 2020
Macquarie Group still expects its 2020 financial year performance to be down on last year, despite growth in the firm's asset management and banking and financial services divisions this quarter. Macquarie Group chief executive Shemara Wikramanayake ...

New boutique at Pinnacle

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... Pinnacle affiliates reported $48.1 million in net profit after tax. This was up 27.2% over first half of the previous financial year. Pinnacle got a $17.7 million share of the NPAT - up 23.8% over the previous half.

Future Fund chief to lead IFM Investors

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... appointment." As the chief executive of the Future Fund, Neal was paid a total remuneration of $1.47 million last financial year, the annual report shows. This includes a base salary of $648,591, bonuses of $770,759, superannuation contributions of $25,000 ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... shareholders and advisers at the practice. The main advice firm generated about $300,000 in profits for the 2018/2019 financial year from a total income of about $598,000. The Hutchisons determined the company was insolvent in October and appointed a ...