treasury

Financial planning

Further guidance needed on TASA requirements: AFA

Draft proposals to waive the tax and commercial law course requirements for registration under the TASA are being welcomed by the AFA....

Financial planning

TASA draft regulations to waive conditions for planners

The draft Tax Agent Services Act regulations have proposed waiving tax and commercial law course requirements for financial planners with relevant experience....

Policy & Regulation

Call to harmonise advice/tax standards

ASIC, Treasury and the TPB have been urged to ensure the harmonisation of the standards applied to advisers....

Financial planning

Industry to pay lower regulator levies

The financial services industry will pay $30 million less to be regulated after the Federal Government released details of the levies that it will be charged to fund the ...

Superannuation

Removing super tax concessions would hit Treasury: ASFA

Claims that tax concessions on superannuation will cost the Government $2 trillion a year are based on inaccurate figures and assumptions the Association of Superannuatio...

Superannuation

Super advertising campaign cost $16.56 million

The ATO has confirmed the television advertising campaign launched to support Labor’s superannuation changes cost $16.56 million before it was terminated by the Abbott Go...

Editorial

The centrality of good financial advice

When Money Management’s sister publication, Super Review, conducted a Post-Retirement and Ageing Forum in Sydney, it served to underline why the superannuation sector nee...

Editorial

Tax concessionality vital to superannuation

While both Treasury officials and economic commentators have strongly criticised the cost of superannuation tax concessions, Mike Taylor writes that one of the men who he...

Superannuation

Former Keating adviser defends super tax concessions

Former Keating adviser Don Russell argues that the Treasury is wrong to assume the superannuation guarantee would survive the removal of tax concessions....

Superannuation

SPAA maintains argument for regulatory status quo for SMSFs

SPAA has used its submission to the Financial Systems Inquiry to restate its claim that SMSFs are appropriately regulated. ...

Superannuation

Prudential regulation “flies in the face” of SMSFs: SPAA

Financial product-style regulation would be a poor fit for SMSFs, SPAA says....

Financial planning

Treasury claims planners are integral to consumer engagement

The Department of Treasury has pointed to the role of financial advice in assisting consumers to engage with the financial system....

Financial planning

Regulators echo calls for central clearing

Australia’s financial regulators have joined forces to back central clearing on dealer-traded derivatives....

Financial planning

Call for third umpire to balance policy objectives

Actuaries Institute recommends creation of commission to oversee financial systems policy and decide on policy conflicts....

Editorial

Keeping our regulators non-political

The executive director of the Revenue Group within the Federal Treasury, Rob Heferen, made a very important point to last month’s SPAA conference in Brisbane: any change ...