Josh Frydenberg

Policy & Regulation

Frydenberg gave ASIC barely a day’s notice on litigation funding changes

The Australian Securities and Investments Commission is the regulator expected to oversee the Government’s proposed new litigation funding regime but received barely 24 h...

Financial planning

Frydenberg: Year to forget for Australia

Treasurer, Josh Frydenberg, has described 2020 as a ‘year to forget’ for Australia as the unemployment rate reaches a 19-year high....

Superannuation

Super balances can’t be rebuilt if SG remains frozen

Lifting the superannuation guarantee to 12% is a necessary prerequisite to helping people rebuild their account balances in the wake of early release drawdowns, according...

Policy & Regulation

Govt announces instant asset write-off extension

The Federal Government has announced it will extend the $150,000 instant asset write-off to 31 December, 2020 ....

Financial planning

Australia in recession for first time in 30 years

Australia is officially in its first recession for 30 years, according to figures from the Treasury, but the June quarter will be “more severe”....

Policy & Regulation

Hume calls for FASEA extension to return to business

Senator Jane Hume has called on the Labor Party to enable the FASEA extension to return to business after a ruling yesterday on listed investment companies. ...

Policy & Regulation

LIC stamping fee exemption to be extended

The ban on conflicted remuneration to listed investment companies will be extended following a consultation by the Treasury, removing an impediment to the FASEA exam exte...

Policy & Regulation

Six-month deferral for Royal Commission commitments

The implementation of recommendations from the Royal Commission will be deferred for six months to allow the industry to deal with the impact of COVID-19....

Financial planning

Backlash slows ASIC’s termination of grandfathered commissions: AIOFP

The corporate regulator is only putting the brakes on terminating grandfathered commissions because consumers have started to realise the cost of advice has escalated due...

Features

Reviewing retirement income

The Retirement Income Review has been welcomed by many in the industry, but Chris Dastoor writes, it is still uncertain what it will mean for the industry in the long-ter...

Financial planning

SMEs receive $250m support package

The Treasurer, Josh Frydenberg, and the Australian Office for Financial Management have announced measures to support the small and medium-sized business (SMEs) sector wi...

Funds management

Foreign investment to come under stricter review

Changes have been temporarily made to the foreign investment review framework in light of COVID-19, to protect Australia’s economic interests....

Superannuation

Early access to super capped at $10,000 for 2019-20

The Government will allow financially-stressed individuals to access tax-free of up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21....

Editorial

Advisers shine amid COVID-19 but is Frydenberg aware of the glow?

Financial advisers have been the subject of some highly negative publicity over the past decade but their good works have been seen to shine as they help clients navigate...

Financial planning

Tough times ahead as RBA works to protect Australian economy

Managers have praised the Reserve Bank of Australia’s efforts but warned the central bank can ‘only do so much’ to stop the tide of the worldwide economic chaos caused by...