Parliament

Policy & Regulation

Grattan Institute’s bold reforms to boost revenue

Redesigning the Stage 3 tax cuts and increasing the age to access super by five years are among the suggestions from the Grattan Institute to boost revenue. ...

Policy & Regulation

ASIC increases focus on cryptocurrency

ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...

Funds management

Treasurer warns of worsening inflation scenario

Treasurer Jim Chalmers has warned inflation in Australia “will be worse before it gets better”....

Financial planning

Hung parliament could bring risk for Aussie markets

Research from Barclays shows the possibility of a minority government occurring following this week’s election, an outcome that would bring risk to Australian markets....

Superannuation

Falinski questions QSuper court case

Liberal MP, Jason Falinski, has used a superannuation Parliamentary hearing to ask why QSuper failed to notify its members of changes to its deed structure following cour...

Financial planning

ACSI responds to Senate blocking proxy advice reform

ACSI is pleased to see the Senate block reforms to proxy advice saying the system had already been working well to deliver quality advice that supports investors and mill...

Financial planning

Treasury ‘confident’ in trustees’ ability to avoid providing financial advice

Following months of discussion and consultation, Treasury has released its final report into the Retirement Income Covenant, stating it is confident superannuation truste...

Superannuation

Super for housing idea ‘detracted’ from serious Government debate

Pushing matters such as superannuation for housing detracted the Government from serious financial issues during the pandemic, according to Stephen Jones. ...

Financial planning

Calls for MIS to be included in CSLR

CHOICE is calling for an industry-funded compensation scheme of last resort to include investment managers, as cases such as the Sterling Group collapse has caused homele...

Superannuation

Are super funds’ investment into ISH marketing or investment?

The prudential regulator has been probed by Senator Andrew Bragg as to whether investments into Industry Super Holdings count as marketing given that it indirectly funds ...

Financial planning

Regulator and industry super to blame for advice accessibility?

Liberal members Jason Falinski and Tim Wilson have concluded the corporate regulator and industry super funds are beneficiaries of Australians being unable to access fina...

Financial planning

Parliamentarian calls 100-page SOA ‘absurd’

A 100-page statement of advice to satisfy lawyers has been branded as ‘absurd’ from a parliamentarian....

Policy & Regulation

ASIC probed on ‘why not litigate’ future

The corporate watchdog is looking at its enforcement settings as priorities have changed but being an active litigant when needed is still on the table. ...

Superannuation

Questions reveal money directed to Industry Super Australia

Superannuation funds have confirmed to a Parliamentary Committee that they have directed hundreds of thousands of dollars to Industry Super Australia....

Superannuation

Liberal and National MPs look to halt SG rise

Governments need to think carefully about embracing ideas that would be popular for the polls but would make lives worse, according to AustralianSuper chair, Don Russell....