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Showing 1 - 10 of 2253 results for "Treasury"

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... default law split factors, that appeared to be the intent of the regulations," SMSFA chief executive Peter Burgess said. Treasury has confirmed, Burgess said, that the intent is for a self-managed super fund (SMSF) paying a complying lifetime or life ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... superannuation performance test, so it better aligns trustees' investments with the best financial interests of members. In its Treasury submission, the Institute said the test should include two metrics: the current one and a new risk-adjusted performance ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... support a low carbon economy. "In our joint submission with CPA Australia to the government, we wrote that we support Treasury's efforts to establish legislation for a framework for climate related disclosures, but those in Group 3 don't appear to have ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... head of Australian public policy Sara Dix said the firm supports the current performance test and principles set out by Treasury but did suggest adding other principle: simplicity. "It's critical for members to understand how the test operates, which ...

Equity Trustees welcomes new chief financial officer

ELIZA BAVIN  |  THURSDAY, 11 APR 2024
... is currently the interim chief financial officer at ISPT and responsible for the finance, procurement, insurance, tax, treasury, and valuation functions of the business. Prior to this, she was Vanguard Australia chief financial officer from 2017 to 2022 ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... competition and productivity in the economy. Treasurer Jim Chalmers and assistant minister for competition, charities, and treasury Andrew Leigh jointly stated that mergers will be approved to proceed within 30 working days, where the regulator decides ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, which was introduced in parliament on March ...

Non-compete clauses come under the microscope

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Treasury has released a new consultation paper, Non-competes and other restraints: understanding the impacts on jobs, business and productivity, finding that these restrictions could have a "chilling effect" on the workforce. "The impacts of non-compete ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... cap to be exceeded, resulting in additional taxation or requiring them to commute funds held elsewhere, sometimes both. Treasury is looking to amend the transfer balance credit provisions to ensure the credit and debt arising due to a successor fund ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... (QAR) include amending ongoing fee arrangements (OFA) and overhauling financial services guides (FSG) are set out in Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024. The first set of reforms will streamline ...
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