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Showing 71 - 80 of 2443 results for "Rich"

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
New data from the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... taxpayers end up underwriting future inheritances," the report reads. "Under this change, older Australians who are asset-rich, but cash-poor would not need to sell their homes if they didn't want to. They could draw down against the equity in their ...

RFI Global takes on DBM's Atlas division

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Two Australian financial services data and insights firms have joined forces, following the acquisition of DBM Atlas by RFI Global. Founded in Melbourne, DBM Atlas, a subsidiary of the Illuminera Group, is a local specialist in research and insight ...

Harvest Lane backs US cybersecurity firm

CHLOE WALKER  |  TUESDAY, 4 APR 2023
... partners," he said. "We have proven the customer value in expanding beyond disarming and integrating solutions that deliver rich data security insights and analytics into the files and how they are used across the enterprise. "This ensures security teams ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... substantial super balances could afford to pay the additional tax, she points out many small business owners and farmers are asset-rich but cash-poor.

Global crypto platform expands to Australia

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... Australia], and OKX is keen to be part of that growth story," Rafique said. "We also see Australia as an innovative, talent rich market and believe that hiring here will benefit our business globally." Nevertheless, OKX's market share of 5.9% trails ...

Another Aussie mandate for Apex Group

CHLOE WALKER  |  WEDNESDAY, 29 MAR 2023
Brisbane-based investment firm Hamilton12 has selected Apex Group as administrator of its new Australian Shares Income Fund. The Hamilton12 Australian Shares Income Fund, launched this month, aims to generate long-term after-tax returns for Australian ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... much in super and who arguably could afford to pay the additional tax. But many small businesspeople and farmers are asset-rich, cash-poor, where their business has been their whole life," she said. "They have simply relied upon and trusted the super ...

Bank of Queensland names Frazis replacement

CHLOE WALKER  |  MONDAY, 27 MAR 2023
... digitally enabled bank." Meanwhile, Negus said it is a great privilege to be elected as chair by his colleagues. "BOQ has a rich history and a bright future, and the board is looking forward to supporting management in the coming years," he said. "We ...