Increase ‘small lost threshold’ for super The superannuation (Unclaimed Money and Lost Members) Act 1999 was recently amended* so that, from 31 December 2015, the small lost threshold for super accounts is increasing from $2, 000 to $4, 000. (*) Amended by the tax and superannuation laws amendment (2015 Measures No. 4) Act 2015, which […]
ANZ to raise $3 billion from shareholders to increase capital levels
ANZ to raise $3 billion from shareholders to increase capital levels ANZ Banking Group is raising $3 billion from shareholders to boost its capital levels in response to rules requiring banks to be more resilient to financial shocks. As revealed by The Australian Financial Review’s Street Talk column, the bank on Thursday unveiled an institutional share placement to raise $2.5 billion and a $500 million share […]
