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Showing 951 - 960 of 9560 results for "Release"

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
The Australian Bureau of Statistics (ABS) released its "National Accounts" report for the June 2021 quarter, and it was good... nay, it was great! The report showed the economy grew by a better-than-expected 0.7% in the second quarter of the year, taking ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
Those who took advantage of the government's early release of superannuation (ERS) program, due to loss of income during the pandemic, can put the money back in their account without incurring a tax penalty. The Australian Taxation Office confirmed ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
At the AIST's annual investment conference, APRA general manager superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS ...

ETF use grows in SMSFs

ANNABELLE DICKSON  |  THURSDAY, 2 SEP 2021
... executive Andrew Russell said. "It has been interesting to see how resilient the sector has been, from avoiding early release mechanisms to making more contributions to SMSFs across the year as we believe investors looked to capture the significant upside ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
Mercer's David Knox says super funds won't be able to meet the Retirement Income Covenant's requirements via account-based pensions alone and will have to look at other solutions. The government's latest guidance on the Retirement Income ...

Responsible investment sector hits $1.2tn

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 SEP 2021
The proportion of money managed using responsible investment techniques increased from 30 to 40%, faster than the increase of professionally managed funds in 2020, according to the Responsible Investment Association Australia (RIAA). RIAA has released ...

Forrest pitches a green Fortescue to super funds

STAFF WRITER  |  WEDNESDAY, 1 SEP 2021
... green by 2030 and it's the best opportunity for super funds to get exposure to green hydrogen. He said Fortescue will release its scope 3 emissions targets soon and plans to produce green hydrogen and green iron ore with the view of customers switching ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... about the number of Australians that remain unaware their super fund is underperforming. Scheerlinck acknowledged the release of the Your Future, Your Super performance test results as a good first step in improving transparency for members but urged ...