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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.







I'm not sure if it's a fair comparison to line up shares options next to balanced MySuper defaults. Comparing ESG shares options to standard shares options would be a better comparison, and would show a different story (from a strictly financial perspective)
Focusing on balanced options within workplace super funds, in the year to 30 June 2018 ESG options out-performed regular balanced options on average by 0.7%, by 0.1% pa over three years and by 0.5% pa over five years. Sure it's marginal but that's the point. The message to us at Rainmaker is that well-run investment options be they ESG or regular perform similarly. There are two subsidiary points. First is the massive range that exists within the sector. Eg, over five years, the performance of regular balanced options ranged from 2% pa to 12% pa while the performance of ESG balanced options ranged from 7% pa to 12% pa. Second is that funds should not use ESG as an excuse for under-performance. Put another way, all of us should stop drinking our own Koolaid.