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Showing 931 - 940 of 6964 results for "Tax"

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... generated revenues of $5.5 million in FY23, up 11% year on year. It made a $2.6 million loss after recording a $5.7 million after-tax profit in FY22. Over the year, it acquired a 20% stake in Euree Asset Management, and added Castle Corporate and Castle ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... communication that their super product has failed the performance test will be unable to transition their savings elsewhere due to tax implications. FSC chief executive Black Briggs said the government should look to introduce a product modernisation ...

Madison acquisitions strengthen top line

KARREN VERGARA  |  THURSDAY, 31 AUG 2023
... FY22. MTIS, which is now part of Clime Private Wealth, contributed $2.7 million in revenue and $530,000 to the group's pre-tax profit. Clime Private Wealth saw funds under advice climb to $900 million thanks to the addition of MTIS in July 2022. ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... an Insignia trustee include AvWrap Retirement Service MLC0398AU; IOOF Portfolio Service Superannuation Fund's OnePath Tax Effective WS Income Trust and Optimix WS Balanced Trust - Class A; MLC Superannuation Fund's Access Pre Select Growth, MLC ...

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... significant jump in adviser numbers. In "a year of transformation", Count reported a very slight decline in net profit after tax, coming in at $5.1 million. This was the result of $1.7 million worth of impairments and write downs, one of which was $400,000 ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
... the discontinued international business on 2022, Praemium's underlying earnings were up 41%. Meantime, its net profit after tax was $15.2 million. The investment platform now has $44.0 billion in funds under administration (FUA), up 9% on the year prior. ...

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... its successor fund transfer (SFT) with Christian Super. In an ASX announcement, the company reported underlying profit after tax (UPAT) of $11.8 million, representing a 15% increase on the previous financial year. Financial year results also showed customer ...

SuperConcepts to take over AET platforms clients

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... the only SMSF administrator with software accreditation, and one of only 12 SuperStream suppliers approved by the Australian Tax Office, SuperConcepts is uniquely qualified to efficiently and securely service the administration needs of these clients ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... sinking revenues and profits in the last financial year of $167.1 million, down 14% year on year, and a statutory loss after tax of $17 million. Several challenges negatively impacted the group's financial performance, which includes regulatory investigations ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... annually, or a cumulative $397 billion by 2050, without changing contribution rates or creating uncertainty through additional tax increases. "The amount of superannuation benefits left each year as a bequest would be halved by 2060, ensuring superannuation ...