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Showing 21 - 30 of 1204 results for "Federal Government"

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... WEET presented reforms that are evidence-based and actionable with outcomes that will be measurable to the federal government in a bid to deliver better economic equality for women. Given that the median superannuation balance for women aged 65+ years ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... their post-work years, as well as improve the sustainability of the Age Pension and take pressure off future federal Government budgets as the population ages." In line with ASFA, SCA also updated its retirement targets considering increases to the cost ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... schemes that hold real property, the fact that they are subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The ...

Treasury to 'modernise' individual tax residency rules

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... rules with a two-pronged approach and has opened up the changes for consultation. Under the new regime, the federal government intends to modernise and simplify the rules following a review from the Board of Taxation in 2017 and align Australia with ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
The federal government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ...