Amy Bainbridge

Melbourne

Bloomberg Journalist, covering Australia's $4.2T Superannuation/Pension funds @business @bloombergau Past: @abcnews consumer affairs reporter, foreign corro;

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Articles

Trump ‘Revenge’ Tax Prompts AMP to Halt Long-Term US Investments

1 week ago | bloomberg.com | Amy Bainbridge |Adam Haigh

(Bloomberg) -- One of Australia’s top asset managers has frozen new long-term investments in the US, citing mounting uncertainty over President Donald Trump’s policies. AMP Ltd.’s main concern is a proposal to lift taxes on US income of non-US businesses as part of Trump’s sweeping domestic policy legislation, Head of Portfolio Management Stuart Eliot said in an interview.
Super Tax Explained, Melbourne Billionaires: Australia Briefing

2 weeks ago | bloomberg.com | Amy Bainbridge

Good morning, it’s Amy in Melbourne with the news you need heading into the weekend. Officials say that one person miraculously survived yesterday’s Air India plane crash that killed 241, but first... Today’s must-reads:• Super tax explained• Melbourne billionaires• Aukus in trouble? What does the proposed new tax on A$3 million super balances mean for retirement savers? I teamed up with my colleague Richard Henderson to see how wealth managers are planning for the rule change.
How Australia’s New Super Tax Will Hit Retirement Savings

2 weeks ago | flipboard.com | Amy Bainbridge

8 hours agoNew angle shows final moments of Air India flight from take-off to crashA new angle shows the final moments - from take-off to crash - of the doomed Air India flight on its way to London, Gatwick. CCTV footage shows the Boeing 787 Dreamliner leaving the runway at Ahmedabad Airport on Thursday (12 June) before it begins descending rapidly in its nose-up take-off angle. Moments later the plane, with 240 people onboard, erupted into a huge fireball as it crashed into a residential area.
Wealthy Australians Brace for a New Tax on Retirement Savings

2 weeks ago | news.bloomberglaw.com | Richard Henderson |Amy Bainbridge

Australia is forging ahead with a new tax on its richest retirement savers amid concerns that the country’s A$4.1 trillion ($2.7 trillion) pensions system is becoming a high-wealth accumulation vehicle. The Labor government plans to slap an extra 15% levy on profits from pension balances above A$3 million, in a change likely to impact around 80,000 savers.
Wealthy Australians Brace for a New Tax on Retirement Savings

2 weeks ago | bloomberg.com | Richard Henderson |Amy Bainbridge

Pedestrians walk through Carlton Gardens in Melbourne. (Bloomberg) -- Australia is forging ahead with a new tax on its richest retirement savers amid concerns that the country’s A$4.1 trillion ($2.7 trillion) pensions system is becoming a high-wealth accumulation vehicle. The Labor government plans to slap an extra 15% levy on profits from pension balances above A$3 million, in a change likely to impact around 80,000 savers.
Wall Street Wins More of Australia's $2.7 Trillion Pension Pot

2 weeks ago | financialpost.com | Amy Bainbridge |Jinshan Hong

Advertisement 1Australia’s pension funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s A$4.1 trillion ($2.7 trillion) retirement pot. Article content(Bloomberg) — Australia’s pension funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s A$4.1 trillion ($2.7 trillion) retirement pot.
Wall Street Wins More of Australia’s $2.7 Trillion Pension Pot

2 weeks ago | bloomberg.com | Amy Bainbridge |Jinshan Hong

(Bloomberg) -- Australia’s pension funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s A$4.1 trillion ($2.7 trillion) retirement pot. State Street Corp.’s assets under management in Australia surged 50% in the 15 months through March to A$427 billion, and most are with superannuation funds, the Boston-based firm said in response to questions.
Trump vs Musk, Asia Defense, Golden Visas: Australia Briefing

3 weeks ago | bloomberg.com | Amy Bainbridge

Good morning, it’s Amy in Melbourne with all the news you need this Friday. The public spat between Elon Musk and US President Donald Trump is escalating fast, but first…. Today’s must-reads:• Push to increase military spending• Turnbull discusses the Port of Darwin• New podcast on golden visasUS President Donald Trump wants Indo-Pacific allies to bump up their military spending — but it’s not that simple.
Healthscope Receives Funding From CBA to Keep Hospitals Running

1 month ago | bloomberg.com | Amy Bainbridge

(Bloomberg) -- Australia’s biggest bank has stepped in to provide funding to hospital operator Healthscope Ltd. as the government said it wouldn’t provide a bailout. Healthscope, one of the country’s largest private health care providers, has entered administration, according to a statement Monday. Commonwealth Bank of Australia has provided a A$100 million ($65 million) funding package to support the sale process and ensure normal patient care at its 37 medical facilities, the statement said.
Interest Rates, RBA, Rio Tinto: Australia Briefing

1 month ago | bloomberg.com | Amy Bainbridge

Good morning, it’s Amy in Melbourne with your wrap of the biggest stories this Friday morning. Today’s must-reads (listens):• The Bloomberg Australia podcast on rates• Rio Tinto begins search for new CEO• Goldman Sachs APAC changesThe Reserve Bank of Australia this week cut rates again, while pulling off a post-Covid economic crisis soft landing that few central banks have been able to execute.