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Showing 781 - 790 of 6836 results for "Tax"

GARDA Property Group confirms $30.5m loss

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... partial repayment of drawn variable debt facilities. In June, GARDA recorded a statutory net loss of $4.934 million after tax for the year. The decline included items categorised as non-cash in nature, occurring infrequently, and or pertaining to realised ...

Housing crisis costing Australia $64bn: Aware

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... developments, to help lower the bar to entry for institutional investors," she said. "Broad-based availability payments or other tax offsets would also help improve the feasibility of long-term investment in affordable housing stock." She reinforced ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
The National Farmer's Federation (NFF) has voiced strong opposition to the government's draft reforms on tax concessions for superannuation balances over $3 million, signalling potential ramifications for rural communities. The NFF said that ...

Dimensional launches Aussie fund to NZ market

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
... investing through our Australian resident unit trusts, others have said the PIEs make more sense from an administration and tax perspective. "Ultimately, we want to give intermediaries choice in how they access our investment expertise." Dimensional ...

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... firm saw its top and bottom-line surge by more than 80% year on year. Revenue jumped to $73.4 million while net profit after tax hit $22.5 million. Funds under management increased by 77% during the period to reach $7.5 billion as at Aug 23, driven by ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... incentives, a bonus of $300,000 for the "additional work" he did for AMP Capital; relocation expenses worth $377,000 before tax; and a payment in lieu of six months' notice. AMP group executive for advice Matt Lawler said: "While we believe we have ...

Advisers boost client portfolios 5.9%

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... affairs. Using five key metrics, the 5.9% premium was calculated based on behavioural coaching (3.4%), asset allocation (1.2%), tax planning and investing (1.3%), choices and trade-offs (variable), and an adviser's expertise (priceless). Year on year ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... 200 advisers and $12 billion in FUMA. Last financial year, it generated net revenues of $37.6 million and net profit after tax and amortisation of $4.7 million. Diverger provides licensing, network infrastructure and technology services, portfolio services ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... published its draft legislation and is seeking feedback on its proposed reforms, which aim to strengthen the integrity of the tax system and regulators' powers in response to the recent PwC scandal. The new legislation outlines changes to tax promoter ...