federal budget

Policy & Regulation

The Government has committed to paying unpaid Financial Ombudsman Service determinations impacting consumers and small businesses up to $30.7 million....

Policy & Regulation

Govt promises ‘Howard era’ tax cut

The Federal Government has delivered what it is describing as the largest personal income tax since the Howard Government....

Superannuation

Frydenberg unveils Budget super tweaks

The Federal Treasurer, Josh Frydenberg has unveiled key tweaks to superannuation policy – allowing those aged 65 and 66 to make voluntary contributions without the work t...

Superannuation

Super fund members need more protection

The Federal Government should use the upcoming federal budget to improve protections for super fund members, according to Dixon Advisory....

Financial planning

Advised clients best placed on franking credit removal

People receiving financial advice are going to be better placed to deal with any move by a future Labor Government to remove refundable franking credits, according to the...

Superannuation

2016 Budget slices SMSF tax status

New analysis from self-managed superannuation funds administrator Class has revealed the 2016 Budget changes sliced 25 per cent of the tax-free assets available to self-m...

Superannuation

Industry funds hardest hit by Budget changes

New research from Rice Warner has revealed that the level of cross-subsidies mean that industry funds will be the hardest hit by insurance premium rises resulting from th...

Superannuation

Govt cutting SMSFs’ red tape: O’Dwyer

The Government has claimed it is reducing the compliance burden for self-managed superannuation funds, opening consultation for a paper on its proposed changes to SMSF au...

Superannuation

SMSF Association welcomes SMSF auditing consultation

The SMSF Association has welcomed the Government’s decisions to extend consultation on the proposed three-yearly audit cycle for some self-managed superannuation funds....

Superannuation

Industry pushes back on insurance inside super

The Government has received a negative financial services industry response to its move to make insurance inside superannuation “opt-in” for those aged under 25 and those...

Policy & Regulation

Will the Budget hit the gig economy?

There is speculation that tonight’s Federal Budget may hit the so-called ‘gig economy’ but tightening up the rules around the superannuation guarantee for single worker b...

Policy & Regulation

ABA demands more bank levy detail

ABA chief executive, Anna Bligh has asked for more information on the bank levy modelling and its economic impact in a ‘truncated consultation period’....

Superannuation

Unpaid super adds $100m in Age Pension costs

The Government needs to prioritise addressing the issue of unpaid superannuation in the Budget as it is costing it $100 million a year, according to ISA....