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Showing 881 - 890 of 6895 results for "Tax"

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... by hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking a 3.4% decline. ASX chair Damian Roche said the last financial year had been difficult following ...

Dexus reports $752.7m loss

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
... favorable revaluations in the industrial portfolio, which saw an increase of +6.2%. Meanwhile, its operating profit after tax also took a 3% hit to $580 million from $596 million in FY22. "While high inflation and interest rates continue to place pressures ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Retail investors ready to dive back in: Survey

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... pandemics have both fallen by 6%. Other top concerns are cybersecurity (12%), the growing national debt (10%), and Australian tax policy (6%). Interestingly, concerns around the impact of climate change have reduced from 12% last year to 8% this year. ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... management unit, assets under management dipped 9% to $95 billion. Overall, the group reported statutory net profit after tax of $288 million, which grew 13% year on year, and paid a 24 cent per share dividend, up 4% on last year.

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... the Fiducian Growth Fund in a bid to "pre-empt the government's proposed $3 million cap to superannuation balances for tax concession". Fiducian grew its funds under management advice and administration (FUMAA) by 13% to $12.3 billion. While revenues ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... respectively. The announcement came after AMP unveiled its 1H23 results, whereby the company reported an underlying Net Profit After Tax (NPAT) of $112 million, closely mirroring its 1H22 performance. AMP posted a statutory NPAT of $261 million for 1H23 ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
Given Australia's economic status, the government has been urged to liquidate the $250 billion Future Fund and pay down its $896 billion debt. According to a paper published by the Centre For Independent Studies, penned by Dimitri Burshtein, the ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... monthly as a crediting rate, applied to member accounts upon exiting the fund or as of June 30, post deduction of investment tax, fees, and costs. However, a recent review unearthed inaccuracies in the fund's earlier PDS, which mistakenly indicated that ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Tax agents found evading laws could face over $780 million in penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines ...