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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]
High-yield savings rates for September 26, 2024. ... the best savings accounts. ... with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up 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 ...
High-yield savings rates for November 20, 2024. ... the best savings accounts. ... with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up to ...
Savings interest rates today: Best accounts still paying out up to 5.10% APY in wake of Fed cut — Nov. 13, 2024 Kelly Suzan Waggoner November 13, 2024 at 5:17 AM
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.
In January 2024, Prime Minister Anthony Albanese announced the government had approved changes to the Stage 3 income tax cuts, originally passed by the Morrison government during the 46th Parliament and set to come into effect on 1 July 2024. Under the new scheme, the flattening of the tax rate for all income between $45,000 and $200,000 to 30% ...