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Showing 61 - 70 of 169 results for "Govt"

NZ Govt to enrol extra 1m into Kiwisaver

ALEX DUNNIN  |  THURSDAY, 25 AUG 2011
The New Zealand Government is proposing to automatically enrol about 1 million employees into their de facto national superannuation scheme Kiwisaver, for an estimated cost to taxpayers of A$600 million. The A$7 billion Kiwisaver scheme that makes up ...

Investment cloud clears with Govt draft proposal

ELISE BURGESS  |  WEDNESDAY, 17 AUG 2011
Moves to align Australia with other financial centres and concerns of uncertainty has prompted the Federal Government to release draft legislation on Australia's investment manager regime. In response to a recommendation by the report of the Australian ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...

Govt uncertainty plagues wealth mgmt industry

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
Uncertainty around regulations and industry reforms has shaken the wealth management industry's chief executives, with lack of confidence in Australian preparation for its ageing population, a new report has revealed. The survey of 31 chief executives ...

Govt invites input on move to halve tax on savings

ALISON BEVEGE  |  THURSDAY, 14 JUL 2011
Financial advisers, superannuation funds and funds managers have the chance to comment on the Federal Government proposal to halve taxes on interest income. Minister for Financial Services Bill Shorten has released a discussion paper outlining the move ...

Govt responds to self-funded retirees

ELISE BURGESS  |  TUESDAY, 12 JUL 2011
Self-funded retirees may not be left out in the cold in the new carbon tax scheme after all, with Assistant Treasurer Bill Shorten announcing more package highlights to Tasmanian retirees. Yesterday self-funded retirees expressed concern of being ignored ...

Govt $41m finance centre launches new projects

ELISE BURGESS  |  MONDAY, 11 JUL 2011
The Federal Government has officially launched its Centre for International Finance and Regulation, with funding allocations to research projects including High Frequency Trading. Assistant Treasurer and Minister for Financial Services and Superannuation ...

Govt closes in on phoenix super dodgers

ELISE BURGESS  |  WEDNESDAY, 6 JUL 2011
The Federal Government is moving to protect employees from losing their super to 'phoenix' companies, including making directors personally liable, after releasing draft legislation and calling for submissions from the industry. Assistant Treasurer ...

Super funds returns on upwards trend

RACHEL DAVIS  |  MONDAY, 4 JUL 2011
... Workplace Super funds (by default options) over the 12 months to be Health Super with 13.1%, Catholic Super with 11.7%, WA Local Govt Super with 10.9%, VISSF with 10.8% and Local Super with 10.7%. The top Personal super funds (by balanced options) over ...

Govt to refund super tax for 3.5 million

ELISE BURGESS  |  THURSDAY, 16 JUN 2011
The Government will refund the 15 per cent superannuation contribution tax from 1 July 2012 for 3.5 million Australians who earn less than $37,000, assistant treasurer and minister for financial services and superannuation, Bill Shorten, announced today. ...