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Showing 951 - 960 of 3208 results for "Scheme"

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... may become more pronounced over time as the economy recovers'." Despite this, the central bank concluded that without the scheme employment losses would have been twice as large over the period to August. The RBA added that policymakers should not assume ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... Aboriginal and Torres Strait Islander people are over-represented in the Community Development Program - a remote-area community scheme where participants receive JobSeeker. On JobSeeker, people are required to do 20 hours of work or work-like activities ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... growth slowed to 1.2% from 1.7%. Public sector wages slowed to 1.8% from 2.1%. The Morrison government's Jobkeeper scheme has short-circuited the lagged negative correlation between wages growth and the underemployment rate. We would have seen negative ...

ASIC charges BitConnect Australia lead

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
The former BitConnect Australian national promoter has been charged by ASIC for operating an unregistered investment scheme and making false statements. John Bigatton promoted the online cryptocurrency platform prior to its collapse in early 2018. It ...

Australians drain $35bn from super

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown, close ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
A new draft of APRA's remuneration guidelines has scrapped its original plan to cap financial measures' contribution to executives' variable remuneration at 50%. Instead the boards will be able to assign a "material weight" to how much of ...

HUB24 partners with wealth platform

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... mutual partners thrive into the future." The partnership follows HUB24's $60 million plan to acquire Xplore Wealth through a scheme of arrangement that will be funded by a combination of cash and HUB24 scrip consideration valuing Xplore at a share price ...

MIRA set to acquire REIT

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... MIRA is offering to take over Vitalharvest Freehold Trust (VTH) for a cash consideration of $1 per share by way of a trust scheme. The offer price represents an 11.8% premium to Vitalharvest's current adjusted net asset value of $0.894 per unit. ...