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Showing 81 - 90 of 164 results for "ERS"

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD | THURSDAY, 23 JUL 2020

... savings until 31 December 2020. In a press conference, Treasurer Josh Frydenberg confirmed the extension would go ahead. The ERS extension will cost the government $2.22 billion over the forward estimates, it said. The rules remain similar: people accessing ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON | THURSDAY, 23 JUL 2020

... regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme (ERS) on superannuation licensee and provides insight into member switching, investment options, foreign currency exposure and hedging. ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR | TUESDAY, 21 JUL 2020

New research has demonstrated the impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia ...

ERS payments approach $30bn mark

ELIZA BAVIN | MONDAY, 20 JUL 2020

Applications for the Early Release of Super (ERS) scheme have hit $28 billion, with funds having so far paid out $25.3 billion since the start of the scheme. APRA's data shows that since the launch of the ERS scheme is April this year, over 2.8 million ...

ERS sees 300,000 repeat applications

ELIZA BAVIN | WEDNESDAY, 15 JUL 2020

... high volume of applications as the second tranche opened. In total, over $19 billion has been removed from super since the ERS scheme opened with over 2.7 million applications received. The total value of applications has topped $23 billion, however ...

ERS surges $7bn in a week

ELIZA BAVIN | WEDNESDAY, 8 JUL 2020

... payments and Treasury has had access to the advance numbers. "The larger point is that most people applying for this round of ERS are likely to be older because the younger folks who dominated the first round have probably cleaned out their accounts," ...

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR | TUESDAY, 7 JUL 2020

... COVID-19 pandemic progressed earlier this year. However, the fund has now successfully paid out more than $1.5 billion in ERS payments. In April, Hostplus updated its PDS to add: "The trustee may suspend or restrict applications, switches, redemptions ...

APRA warns of ERS second wave

ELIZA BAVIN | MONDAY, 6 JUL 2020

... ATO website crashed due to the number of Aussies logging on to complete their tax return and apply for the second round of ERS. In addition, APRA said this may impact processing times for payments being made by funds. This comes as the regulator released ...

Industry fund eyes KiwiSaver accounts

KANIKA SOOD | THURSDAY, 2 JUL 2020

... executive Bill Watson told Financial Standard. The fund's current member base stands at about 45,000 not accounting for future ERS impact. The 3000 a year addition could swell its member base by about 6.7%. The partnership comes as First Super was ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN | THURSDAY, 2 JUL 2020

... crashed on the first day of the new financial year as Australians rushed to lodge tax returns and apply for the new round of ERS. The ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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