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Showing 1 - 10 of 1749 results for "Minimum"

Treasury consults to improve data visibility into MISs

RIDDHIMA TALWANI  |  WEDNESDAY, 23 SEP 2026
... could pose an increased regulatory burden for industry. To tackle this, all the data collection requirement will ensure minimum compliance burden for industry and implementation costs for government. "This consultation is focused on addressing immediate ...

Prime Value Opportunities Fund winds up

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2026
... the portfolio in global equities. It also charged a performance fee of 15%. The Class A version of the fund required a minimum investment of $20,000 from direct investors. Class B, meanwhile, was available to financial advisers on platforms like Netwealth ...

FAAA flags gaps in discretionary trusts tax reforms, deficient framework

KARREN VERGARA  |  TUESDAY, 22 SEP 2026
Under the proposed minimum tax on discretionary trust reforms, the Financial Advice Association Australia (FAAA) highlighted concerns over trustees potentially being forced to make "major and largely irreversible decisions" before the rules and guidance ...

Magellan shuts down Vinva global equity retail funds

KARREN VERGARA  |  MONDAY, 21 SEP 2026
... over the longer term and has decided to terminate it in investors' best interests. The Class B version required a minimum investment of $20 million while the other required $250,000. The two strategies invested all assets in the Vinva Global Equities ...

ASIC secures court orders against questionable investment scheme

MATTHEW WAI  |  MONDAY, 21 SEP 2026
... for September 30, with the website stating a total investment figure of $19.1 million has been achieved thus far. The minimum investment for the scheme was $100,000, with multiple options, up to $1 million, ranging from two- to five-year terms. Investors ...

Fed's rate hike exacerbates Australia's outlook

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... the RBA still this year," Chesler said. "Australia is still battling with services inflation which remains sticky. The minimum wage increase of 6% and the award wage increase of 4.75% may well filter into increases received by higher income earners during ...

MDS drags Treasury to assess FSC levy proposal

RIDDHIMA TALWANI  |  WEDNESDAY, 16 SEP 2026
... component while reducing the per-adviser burden. Under the first option, it proposes increasing the levy from $1500 to a minimum of $25,000 while proportionately reducing the per-adviser fee from approximately $2,300 to a maximum of $1,700. "This would ...

ART leads retirement product race, others wrestle with covenant

KARREN VERGARA  |  WEDNESDAY, 16 SEP 2026
... "no bells and whistles" product, members commit capital and receive a starting income rate roughly 50% higher than the minimum drawdown rate, while the income lasts for life regardless of how long they live. If the member dies, the capital is returned ...

Russell launches retirement solution

VINNY VUCAGO  |  MONDAY, 14 SEP 2026
... portfolio just because a client is approaching retirement," Rogan said. Both portfolios are now available on CFS Edge, with a minimum investment of $5000. Colonial First State executive director, managed accounts, Francy Taylor said the portfolios broadened ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
Treasury has released draft legislation on the minimum tax it is set to impose on discretionary trusts from 1 July 2028. A 30% minimum tax on certain discretionary trusts will apply and be payable by the trustee. Treasury is seeking feedback on several ...
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