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Showing 71 - 80 of 210 results for "Tranche 2"

ATO prepares for end of ERS

ELIZA BAVIN | THURSDAY, 5 NOV 2020

The Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings ...

Ask and you shall receive

ELIZA BAVIN | MONDAY, 26 OCT 2020

The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications ...

IAPF to acquire management rights for $40m

ELIZA BAVIN | TUESDAY, 20 OCT 2020

The Investec Australia Property Fund (IAPF) is looking to internalise its management function by acquiring the rights from its parent firm Investec for $40 million. The fund is asking unitholders to vote in favour of the acquisition so it can internalise ...

Government increases fees for foreign investment

ANNABELLE DICKSON | MONDAY, 21 SEP 2020

Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Female access to ERS to widen gender super gap

ANNABELLE DICKSON | FRIDAY, 28 AUG 2020

The Early Release of Superannuation (ERS) scheme is expected to impact female workers and widen the gender superannuation gap according to The Australian Institute of Superannuation Trustees (AIST) and Women in Super. New data shown at the annual Women's ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN | MONDAY, 17 AUG 2020

New research released by illion found that 38% Early Release of Super (ERS) applicants saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending ...

Repeat ERS applications hit one million

ELIZA BAVIN | MONDAY, 27 JUL 2020

Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN | WEDNESDAY, 15 JUL 2020

Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year. APRA had previously warned it was expecting a high volume of applications as the second tranche opened. In total, over $19 ...

ERS surges $7bn in a week

ELIZA BAVIN | WEDNESDAY, 8 JUL 2020

Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications ...

APRA warns of ERS second wave

ELIZA BAVIN | MONDAY, 6 JUL 2020

APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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