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Start-ups, small businesses win CGT reform carveouts
Treasury has unveiled a package of capital gains tax (CGT) discount carveouts targeting small businesses, and start-ups and their investors following backlash since the reforms were announced in the Budget on May 12. Testamentary trusts will also be given a reprieve from the new tax regime.
Aware Super sells majority stake in water portfolio
Aware Super has sold a majority portion of its Australian water portfolio from the southern Murray-Darling Basin.
ASIC slaps adviser with 10-year ban, strips AFSL
ASIC has banned Brett Newbound of Victoria, a financial adviser and the sole director of Freedom Wealth Services, which has subsequently lost its AFSL.
ATO reveals highest paid jobs, postcodes
Victoria is home to Australia's highest earning postcode for the first time, according to newly released Australian Taxation Office (ATO) data, as taxable incomes, capital gains and superannuation balances continue to climb.
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.







The Financial Services Council is essentially the big end of town, and John Brogden as the CEO proposing that we have a default allocated pension of some description, simply is a cost measure by the large suppliers of product, to gain obviate the advice process that is essential for Australians to have stopped
It will be interesting for the government and opposition to support such a default process when they have just spent the last six months throwing rocks and bricks of each other over the whole issue of advice. Brogden seems to think advice even the smaller retirees is a waste of time.
An interesting proposition coming from the larger part of the product benefactor in group that control The Financial Services Council.
Just a complete nonsense of an idea.