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MOE waiver approval staves off COVID funding clawback | Education

West Virginia secured a Maintenance of Effort (MOE) waiver from the U.S. Department of Education, averting the potential loss of $465 million in federal funds. Governor Jim Justice and Superintendent of Schools Michele L. Blatt received notification of the waiver s approval, citing the state s efforts to bolster education funding, particularly for pre-K-12 and higher education. The approval comes after concerns arose over West Virginia s ability to meet MOE requirements tied to Elementary and Secondary Emergency Relief (ESSER) funds under the American Rescue Plan Act of 2021.

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Budget 2024: Impact of ABSD changes on developers and property market

During Budget 2024, it was announced that housing developers can clawback the Additional Buyer's Stamp Duty if they sell just 90 per cent of the units they build within five years of land acquisition. Under old rules, developers needed to clear all the units to enjoy that clawback. Nicholas Mak, Chief Research Officer

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Superintendent defends teacher bonus program amid criticism and legal battle

State Superintendent Ryan Walters sent a letter to legislative leaders regarding his teacher signing bonus program on Tuesday.In the letter, Superintendent Walt

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'If you don't have clawback, you have to take from upfront': NAB CEO

The chief executive of the major bank has flagged that if commission clawback was removed, upfront commission would have to reduce.

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NAB 'reviewing' clawback position: Adam Brown

The major lender’s head of broker has stated that the bank will have an update on its clawback position “in the early part of 2024”. Big four bank NAB has revealed that it is in the process of r

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BMM removes clawback on SMSF line, updates offering

The mortgage manager has announced streamlined refinancing, reduced rates, free offset accounts and no clawback for one of its SMSF lines.  

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