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FEDERAL BUDGET 2017

Financial planning

The Federal Government’s 2017 Budget measures on using super for housing underscores the need for advice, and for it to be tax deductible....

Life/Risk

The government measures put in place in the 2017 Federal Budget would be unlikely to translate into a real fix for housing market challenges....

Superannuation

The first home super saver announced in Tuesday’s Budget should not involve any significant administrative burden on super funds, ASFA believes. ...

Policy & Regulation

The Diverted Profits Tax will impose a 40 per cent penalty tax rate on Australian profits artificially shifted offshore by large multinationals....

Policy & Regulation

The Federal Government will impose a six basis point levy on the major banks but has specifically excluded superannuation and insurance businesses....

Superannuation

The Federal Government will use super as a tax-effective conduit for people to save for a home deposit. ...

Policy & Regulation

The Australian Bankers Association has hit back at the Government over the imposition of a levy on the major banks saying it is counter-productive and was imposed without...

Policy & Regulation

FSC calls for end to politicisation of financial services and to calls for a Royal Commission....

Policy & Regulation

The Federal Budget has confirmed the creation of a single financial services EDR scheme – the Financial Complaints Authority....

Superannuation

The industry funds have given a cautious welcome to the Budget super changes but expressed concern about ultimate purpose of super....

Policy & Regulation

The Federal Government is looking to tighten the arrangements around 'stapled' structures but is not ready to announce anything in the Budget....

Superannuation

The financial services industry appears united in urging the Government to ensure next month’s Budget does not further delay increasing the superannuation guarantee to 12...

Accounting

The Institute of Public Accountants has called on the federal government to extend the write-off initiative for 2017-2018....

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