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Showing 931 - 940 of 3206 results for "Scheme"

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... some of the damage that has been done by those who removed their retirement savings through the early release of super scheme. Average household wealth increased 1.6% (up $6850) to $441,649 per person in the September quarter. The ABS said 0.1% increase ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... facilitate several government stimulus measures including allowing individuals early access to their super, through the ERS scheme, and retirees to temporarily reduce their minimum drawdown amount by 50%. Micale said in addition to implementing those ...

Reporting rules for charities relaxed

KANIKA SOOD  |  WEDNESDAY, 16 DEC 2020
About 5000 charities will see easier financial reporting requirements from mid-2021, as the Federal Treasury amends the rules. The Council on Federal Financial Relations (CFFR) has agreed to develop a framework by mid-2021 to lift the reporting threshold ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... Actuaries Institute said. "These gig economy workers are more likely to be reliant on the government-funded Age Pension scheme to fund their retirement income." The Actuaries Institute called for more data to be collected to adequately address this and ...

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... respectively. One in three members of AMP superannuation who work in hospitality applied for the early release of superannuation scheme, which is the most of any industry recorded. "Our industry also has an important role to play in helping those Australians ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
How much did Challenger, Perpetual, UBS and J.P. Morgan pay in taxes? The Australian Taxation Office has released the latest numbers. The ATO's latest Corporate Tax Transparency report found AMP Limited as the financial institution outside the big ...

UniSuper wins in court judgement on board

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
... "academic staff and general/professional staff". UniSuper was formed by the merger of Tertiary Education Superannuation Scheme (TESS) and Superannuation Scheme for Australian Universities (SSAU) via a successor fund transfer that came into effect on ...

US regulator, states sue Facebook

JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
... history'. The FTC and 48 Attorneys General filed their respective suits overnight, claiming Facebook has used an "unlawful scheme" and illegal monopoly power to suppress competition and degrade privacy protections. The FTC said Facebook is "illegally ...

Super satisfaction bounces back

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
... a second application for a withdrawal since then," she said. "A total of $35.3 billion has now been disbursed under the scheme but less than 10% of that money has been paid out since the end of August."

Link unsatisfied with new offer, allows due diligence

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
... Holdings is offering a conditional, non-binding indicative takeover proposal of $5.65 per share to acquire 100% of Link via a scheme of arrangement. Link said in a market announcement it has carefully considered the proposal after obtaining advice from ...