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Showing 911 - 920 of 6887 results for "Tax"

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... of many, he said. "While some argue the intention is to try to start limiting the size of super balances in order to raise tax revenue, this particular proposal in its current form has a number of fundamental flaws - specifically, the taxation of the ...

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... Bill 2023 seeks to refine the NALI provisions announced in the 2023-24 Budget. The bill contains amendments to the Income Tax Assessment Act 1997 which limits the application of the non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current ...

High value investors playing it safe: Report

CHLOE WALKER  |  TUESDAY, 20 JUN 2023
... are more likely to consider the need for diversification in their portfolios as well as the past performance of managers, tax effectiveness, and ethical/ESG factors. "This suggests HVIs have a considered investment plan and strategy in place to achieve ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning and communication (including the Code of Ethics); and financial ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... against the median RAFE of other platform TDPs. The investment performance of platform TDPs will also be tested using gross of tax variables to reflect how these products operate and report to APRA. For the RAFE of non-platform TDPs, these will be tested ...

VanEck reduces management fees on ETFs

CASSANDRA BALDINI  |  MONDAY, 19 JUN 2023
... Arrangements (ToFA) currency hedging rules," VanEck said. "The rules enable smooth income to be maintained over time. VanEck's tax strategy gives IFRA and REIT the ability to offer stable income." Neiron added the reduction also enables more investors ...

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... conversations around these changes, 24% of SMSF members are actively initiating discussions with their adviser about the proposed tax increase on super balances over $3 million. Only 2% have done so without the indexation of the transfer balance cap. ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... "The embedded functionality significantly reduces the time required to prepare an ROA, allowing advisers to view proposed tax implications prior to switch execution," it added. Meanwhile, the newly enhanced MyNorth Lifetime Super Calculator provides ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... is expected to be approximately 21% than the first half, fuelled by higher average FUM. Moreover, underlying profit after tax (UPAT) for the same period is projected to rise by around 30% over the first half result, ranging from $6.3 to $6.8 million. ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
Treasury has released an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider ...