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The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for politicians and other public servants that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances.
The Australian Retirement Trust was founded on 28 February 2022 following the merger between Sunsuper and QSuper. [3] It was the largest superannuation fund merger in Australian history. [3] On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. [4]
The best of these digital banks and online accounts come with no fees and no minimum deposits — like SoFi's checking and savings that pays up to 4.50% APY — removing any challenges to ...
The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. [2] Banks require a bank licence under the Banking Act 1959. Foreign banks require a licence to operate through a branch in Australia, as do ...
The best of these digital banks and online accounts come with no fees and no minimum deposits — like SoFi Checking and Savings that pays up to 4.20% APY — removing any challenges to ...
ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. [2] ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
The best of these high-interest accounts are at FDIC-insured digital and online-only banks that can grow your savings faster at up to 5.10% APY — that's 10 times the national savings average ...
High-yield savings rates for November 13, 2024. ... the best savings accounts. ... with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up to ...
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