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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 release Australian Taxation Office (ATO) data, as taxable incomes, capital gains and superannuation balances continue to climb.
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Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
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.
This is an overly simplistic interpretation of the ABS data that doesn't account for the ABS's on note on how the average age of retirement is not representative. The population is skewed because those who retire early are more likely to be alive still and therefore participate in the survey.
To counter this skew, the ABS produce a series of other averages based on those who have retired recently, such as 'retired in the last 5 years'. The average age there is 61.5 years.
This is similar to what the OECD reports on retirement age. That uses net withdrawals from the labour market based on labour force participation rates. While by no means perfect, it isn't skewed by survey responses like those in the Multipurpose Household Survey (MPHS). And such retirement rates can easily be replicated using Census data.
If personal longevity awareness was more widespread people might make more informed decisions about retirement. Longevity awareness includes how long a person might live and why that may be different from average, what's happening in the community to reflect longer life expectancies, the longer term prospects of government support, longer term caring, dependency and end of life issues. Longevity awareness training is becoming as important as financial literacy, especially for people over age fifty.