Richard Henderson

Melbourne

Reporter at Bloomberg News

Reporter for @business covering markets, investing

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Articles

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.
Asian Stocks Face Pressure After Wall Street Drop: Markets Wrap

3 weeks ago | flipboard.com | Richard Henderson

2 hours agoTesla: Will It Be Enough? (NASDAQ:TSLA)Thesis Summary The much-anticipated Model Y refresh, the Juniper, is beginning to have an impact on sales across the globe. Tesla, Inc. (NASDAQ:TSLA) …11 hours agoMy father-in-law retired at 55 and is now 86. His successful early retirement taught me 4 lessons I plan to follow. My father-in-law, Frank Noble, retired at the age of 55 after a successful career in forestry in Australia.
Treasuries Rally on Fed Cut Hopes, Stocks Hit Peak: Markets Wrap

3 weeks ago | flipboard.com | Richard Henderson

NowCNN — Elon Musk’s 36-word social media missile directed at the cornerstone of President Donald Trump’s legislative agenda marked the latest, if most visceral, example of a growing problem for the White House. Nobody buys its math. “I’m sorry, but I just can’t stand it anymore,” Musk posted in the …
Australia cracks down on crypto ATMs as scams, fraud uncovered

3 weeks ago | thestar.com.my | Richard Henderson

Australia’s financial crimes agency placed curbs on cryptocurrency automatic teller machines as the surging number of kiosks increasingly attract fraudsters and scammers. The Australian Transaction Reports and Analysis Centre, known as Austrac, placed a A$5,000 (RM13,743) limit on cash deposits and withdrawals as part of new measures to safeguard consumers, according to a statement on June 3. It’s also refused to renew the registration of one crypto ATM provider.
Apollo Calls for ‘Tailored’ Private Markets Rules in Australia

3 weeks ago | bloomberg.com | Richard Henderson

(Bloomberg) -- Apollo Global Management, Inc. has warned Australia’s securities regulator against “broad brush” rules for unlisted investments and has called for regulation to instead target specific asset classes. The comments were included in one of more than 50 submissions published on the Australian Securities and Investments Commission’s website on Wednesday, after the regulator in February sought industry views on the shifting dynamics of Australia’s capital markets.
Australia Cracks Down on Crypto ATMs as Scams, Fraud Uncovered

3 weeks ago | news.bloomberglaw.com | Richard Henderson

Australia’s financial crimes agency placed curbs on cryptocurrency automatic teller machines as the surging number of kiosks increasingly attract fraudsters and scammers. The Australian Transaction Reports and Analysis Centre, known as Austrac, placed a A$5,000 ($3,250) limit on cash deposits and withdrawals as part of new measures to safeguard consumers, according to a statement Tuesday. It’s also refused to renew the registration of one crypto ATM provider.
Australia Cracks Down on Crypto ATMs as Scams, Fraud Uncovered

3 weeks ago | news.bloombergtax.com | Richard Henderson

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Australia Cracks Down on Crypto ATMs as Scams, Fraud Uncovered

3 weeks ago | news.bloomberglaw.com | Richard Henderson

Australia’s financial crimes agency placed curbs on cryptocurrency automatic teller machines as the surging number of kiosks increasingly attract fraudsters and scammers. The Australian Transaction Reports and Analysis Centre, known as Austrac, placed a A$5,000 ($3,250) limit on cash deposits and withdrawals as part of new measures to safeguard consumers, according to a statement Tuesday. It’s also refused to renew the registration of one crypto ATM provider.
Australia Cracks Down on Crypto ATMs as Scams, Fraud Uncovered

3 weeks ago | bloomberg.com | Richard Henderson

Signage for Bitcoin cryptocurrency on a cryptocurrency ATM in Hong Kong, China, on Wednesday, Nov. 6, 2024. Bitcoin jumped to a record as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crackdown on the industry.