Sentences with phrase «superannuation fund asset»
In the 1990s, superannuation fund asset growth is likely to be more dependent on the inflow of new money (and the application of exceptional investment skills).
https://www.rba.gov.au/ Not exact matches
NAB said on Thursday that MLC had more than 1200 financial advisers, ran the largest retail superannuation fund in the country, had $ 199 billion in assets under management and 3300 staff.
National Australia Bank's MLC - home to the country's largest retail superannuation fund and $ 199 billion in assets under management - officially joined the bulging list of financial services sector initial public offering candidates on Thursday morning, when NAB chief executive Andrew Thorburn flagged intentions to divest the business.
The company said MLC had more than 1200 financial advisers, ran the largest retail superannuation fund in the country, had $ 199 billion in assets under management and 3300 staff.
Since the early 1980s, the proportion of household financial assets held as deposits has fallen from about 50 per cent to below 30 per cent; this has been mirrored by a comparable rise in the proportion of household assets held as claims on life insurance and superannuation funds (Graph 11).
Household sector financial assets increased by 1.7 per cent in the March quarter, a somewhat slower rate than in previous quarters, as a reduction in the value of direct equity holdings partially offset strong gains in the value of funds held in superannuation.
Institutions with high exposure to overseas assets, particularly superannuation funds and public unit trusts, recorded the largest asset gains in the quarter.
«AMP is well placed to take advantage of the growing pool of superannuation and fund management assets as the superannuation industry doubles in size by 2026.
Numerous agriculture executives have long complained about a reluctance by Australian superannuation funds to invest in local assets, driving up demand for foreign capital.
The Australian superannuation fund behind Queensland Investment Corporation's $ 300 million - plus purchase of the North Australian Pastoral Company is the Queensland government's Long Term Asset Advisory Board.
First State Super head of income and real assets Damien Webb, a senior executive for one of the nation's largest superannuation funds, said the superannuation industry's view of agriculture was changing and he expected much more capital to flow into agriculture investments.
Australia's biggest superannuation funds are reportedly urging the federal and state governments to sell public assets worth up to $ 92 billi...
As the asset is not being dealt with for the sole purpose of enabling the fund to discharge all or part of its liabilities in respect of superannuation income stream benefits, it can not be a segregated current pension asset under subsections 295 - 385 (3) or 295 - 385 (4) of the ITAA 1997.
A complying superannuation fund using the segregated method classifies its CGT assets as either segregated current pension assets or segregated non-current assets.
A further example is where a fund is paying a superannuation income stream to one member and a TRIS to another, and all of the fund's assets are used to support those superannuation income stream benefits.
From 1 July 2017, a fund will lose the income tax exemption for assets supporting TRISs and similar superannuation income streams that are not in the retirement phase from this time.
In relation to TRISs, the transitional arrangements are intended to provide CGT relief by enabling complying superannuation funds to reset the cost base of CGT assets to their market value where those assets are re-allocated or re-apportioned from the current pension phase to the accumulation phase in order to comply with the new law.
The trustee of a complying superannuation fund or pooled superannuation trust must choose for CGT relief to apply for a CGT asset in the approved form.
An asset, commonly, stops being a segregated current pension asset when the fund ceases holding the asset «solely» to meet liabilities it has in relation to superannuation income stream benefits payable at that time.
Sometimes, all of a fund's assets are held «solely» to meet liabilities it has to pay, for example, superannuation income stream benefits (including TRISs for the 2016 - 17 income year).
Consequently, superannuation funds using the segregated method may need to reallocate CGT assets they hold from their segregated current pension asset pool.
Large superannuation funds will typically engage an asset consulting firm to assist them with manager research and may also subscribe to surveys and publications that report and rank manager performance.
Causeway began operations in June 2001, and manages assets on behalf of corporations, pension plans, public retirement plans, Taft - Hartley pension plans, endowments and foundations, mutual funds, charities, superannuation, sovereign wealth funds, private funds and trusts, wrap fee programs and other institutions located in the US, Canada and overseas.
If you are a trustee of a self - managed superannuation fund (SMSF) or a small APRA fund, your members» total superannuation balances will determine whether you can use the segregated assets method to calculate exempt current pension income (ECPI).
The CGT relief provisions preserve the income tax exemption for capital gains accrued, but not yet realised, by a complying superannuation fund on CGT assets held throughout the pre-commencement period (see paragraph 7 of this Guideline).
In relation to TRISs, the transitional arrangements are intended to provide CGT relief by enabling complying superannuation funds to reset the cost base of assets to their market value where those assets are re-allocated or re-apportioned from the current pension phase to the accumulation phase in order to comply with the new law.
The options available to complying superannuation funds when considering CGT relief depend on whether a CGT asset stops being a segregated current pension asset at the cessation time (refer to paragraph 21 of this Guideline), or the fund continues using the proportionate method in the pre-commencement period.»
The CGT relief provisions preserve the income tax exemption for capital gains accrued, but not yet realised, by complying superannuation funds and pooled superannuation trusts on CGT assets held throughout the pre commencement period (see paragraph 7 of this Guideline).
Part 1 of this article looked at the ways in which superannuation funds and other institutional investors build «multi-manager» equity portfolio structures in an attempt to spread the benefits of diversification within, and not just across, asset classes.
For example, this may occur where the assets of the superannuation fund are allocated to specific superannuation interests that are supporting superannuation income streams.
A net capital gain is taxed as income, but if the asset was held for one year or more, the gain is first discounted by 50 % for an individual, or a third for a superannuation fund.