Federal Treasurer

Superannuation

Frydenberg notes industry fund among under-performers

The Federal Treasurer, Josh Frydenberg has refused to concede the universal out-performance of industry funds, noting the Productivity Commission’s findings regarding the...

Financial planning

Grandfathering to end

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

Policy & Regulation

Govt to double employee share scheme limit

The Federal Government is proposing to increase the value limit of products in employee share schemes that can be offered in a 12-month period from $5,000 to $10,000 per ...

Superannuation

Budget super reforms to go before Senate

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

Superannuation

Frydenberg rules out SG change

The Federal Treasurer, Josh Frydenberg has made clear the Government will opt for retirement income certainty rather than the superannuation guarantee recommendations of ...

Policy & Regulation

Frydenberg urges tougher ASIC approach

The Federal Treasurer has reinforced that he wants the Australian Securities and Investments Commission to take a tougher approach in pursuing litigation rather than nego...

Policy & Regulation

Institutions “fall far short” in honest treatment of Australians: Treasurer

The interim report and the Royal Commission's hearings clearly show that some financial institutions have fallen far short of treating Australians honestly and fairly, ac...

Life/Risk

Commonwealth will not pay Royal Commission compensation

The Federal Treasurer, Scott Morrison, has strongly ruled out the possibility of the Commonwealth compensating people identified in the Royal Commission as having been wr...

Financial planning

BEAR not about bank bashing

The BEAR regime legislation has teeth and is needed to restore the public’s faith in the financial services system, according to Federal Treasurer Scott Morrison....

Tech

Biggest winners from fintech are customers

Fintech removes institutional, bureaucratic impediments between the customer and the service provider, according to Federal Treasurer Scott Morrison....

Financial planning

Morrison cites planners on fairness of BEAR

Senior bank executives are being treated little differently to planners under the terms of the Bank Executive Accountability Regime, according to Federal Treasurer, Sco...

Superannuation

Treasurer renews commitment on SMSFs and LRBAs

Federal Treasurer, Scott Morrison has renewed the Government’s commitment not to tinker with the ability of self-managed superannuation funds to access limited recourse b...

Policy & Regulation

Morrison bounces NAB’s Henry on bank levy

Federal Treasurer, Scott Morrison has reminded NAB chairman, Ken Henry about his past authorship of tax proposals such as the mining tax and a tax on bank deposits....

Superannuation

Planners back super access for housing

Two West Australian planners have backed giving people conditional access to their super for housing and have provided politicians with a plan to achieve it....

Superannuation

Morrison brings super lump sums into housing focus

Federal Treasurer, Scott Morrison has referenced the frequency with which super lump sums are being used to pay down mortgages as the debate continues around accessing su...