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Showing 1 - 10 of 656 results for "Relief"

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... also supports the removal of barriers to consolidation of some choice options, particularly facilitating capital gains tax relief when trustees initiate product transfers that are in members' best financial interests. However, the Institute didn't support ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... disclosures that will include a new regulatory guide for the climate reporting regime which will address its approach to relief from obligation as well as resources on its website for those who prepare and use sustainability reports. These resources ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... personally liable for various alleged contraventions which are "yet to be determined", including ASIC seeking injunctive relief against Mawhinney for dealing in financial products pursuant to section 1101B(1) of the Corporations Act. The claim also seeks ...

ASIC extends ETF class order

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
ASIC has released a new legislative instrument that extends relief to a broader class of quoted funds. ASIC Corporations (Relief to Facilitate Admission of Exchange Traded Funds) Instrument 2024/147 replaces [CO 13/721] ASIC Corporations (Relief to ...

ASIC succeeds in conflicted remuneration case

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... at least in respect of the specific circumstances concerning SMSF Club." The court adjourned the proceeding to consider relief that should be ordered against RM Capital and the SMSF Club. The matter is listed for mention on March 7.

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... However, those earning over $180,000 will see their promised tax cut reduce while lower-income earners are to receive more relief than initially promised. Among the changes, Treasury will reduce the 19% tax rate to 16% and increase the threshold for ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... existing framework, a 50% CGT exemption is applicable to long-term assets, benefiting over 810,000 people in 2020-21. This tax relief saw a substantial uptick in revenue forgone due to heightened capital gains realisations between 2021 and 2022. Treasury ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... its complaint in the federal district court of Maryland. In its civil action, the regulator seeks "permanent injunctive relief, conduct-based injunctions preventing the defendants from participating in multi-level marketing or crypto asset offerings ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
... the COVID-19 pandemic and other "unanticipated shocks". "The recommended package is estimated to provide cost-of-living relief to 13.6 million taxpayers, compared to 10.8 million taxpayers under the current legislated tax cuts compared to 2023-24 settings," ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... However, those earning over $180,000 will see their promised tax cut reduce while lower-income earners are to receive more relief than initially promised. The current tax-free threshold which stands at $18,200 is due to increase but at an unconfirmed ...
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