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Showing 961 - 970 of 2469 results for "Budget"

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... confident that financial services providers - banks, insurers, superannuation funds - will serve their customer's interests," Budget documents said. "Too often the sector has not met those expectations. That is why the Government is overhauling the financial ...

Tax relief for merging super funds extended

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... extended until 1 July 2020 in an effort to minimise barriers to sector consolidation. As announced in this years' Federal Budget, relief will be available to superannuation funds to transfer capital and revenue losses to a new merged fund, and to defer ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... First home buyers will be given greater opportunities to own their own home under a new savings plan in the 2017 Federal Budget. From 1 July 2017, first home buyers will be allowed to make voluntary contributions of up to $15,000 per year and $30,000 ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
The entire wealth management and financial services sector will be impacted by the 2017 Federal Budget, a document that's received mixed reviews and needs caution in its digestion. Financial advisers will face several challenges as they attempt to navigate ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
Opposition leader Bill Shorten is rejecting claims Treasurer Scott Morrison's 2017-18 Budget is anything like a 'Labor Budget.' Shorten went on Twitter to say the Coalition's budget is "out of touch", as a Labor Budget wouldn't slash school funding ...

Government puts stopper on Future Fund drawdowns

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... these liabilities had reached $155 billion in 2014; they aren't expected to peak until 2040 at $260 billion. The 2018-19 Budget will determine whether drawdowns should commence in 2021-22. The Government noted that by delaying drawdowns for another year ...

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... the doors to disruption in the banking sector as part of changes to its revised fintech investment agenda. The 2017-18 Budget includes provisions for newer entrants into the banking industry, including the relaxing the legislative 15% ownership cap and ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," Federal Budget documents read. To enable the introduction of the levy, the Australian ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
Treasurer Scott Morrison's expansionary second budget, bankrolled by government receipts rising more than 6% per annum compared to expenditure rising by 4% per annum, sets Australia on the road towards a surplus by 2020 but one supported by record Commonwealth ...

Downsizing measures present advice opportunities

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... measures for retirees wishing to downsize the family home. It also presents a number of advice opportunities. The Federal Budget proposes that Australians choosing to downsize their residence could contribute up to $300,000 from the sale of their home ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI  |   12:01PM
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI  |   11:30AM
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI  |   12:13PM
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI  |   11:50AM
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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