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|The politics around around superannuation tax expenditures looks set to heat up with Superannuation Minister Bill Shorten last week saying he will defend low income tax benefits and The Australia Institute saying the top end of town should be targeted ...|
|... the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe. The Labor scheme, announced in 2010 cuts contributions tax to zero for ...|
|... prove insufficient to enable it to intervene effectively in the event of a crisis. Minister for Financial Services Bill Shorten said that four years after the collapse of Lehman Brothers, the consultation paper formed "part of an ongoing review process ...|
|... subsequent barrier to the swift completion of the amalgamation. Minister for Financial Services and Superannuation Bill Shorten announced earlier this year that the Government would extend optimal loss relief for mergers of complying superannuation funds ...|
|... benefit from a tax law amendment, which removes uncertainty that had been a barrier to overseas investment, said Bill Shorten, minister for financial services and superannuation. Amendments to the Investment Manager Regime were passed in Parliament yesterday ...|
|Minister for Financial Services Bill Shorten has been accused of 'gazumping' the Productivity Commission inquiry into default super by moving to head off options that would give employers more choice in fund selection. The Minister yesterday pointed ...|
|... including acting in member best interests and giving APRA power to make prudential standards for superannuation. Bill Shorten, minister for financial services and superannuation has accused the Coalition of being all talk and no walk when it comes to ...|
|Financial Services and Superannuation Minister, Bill Shorten, has released exposure draft legislation on income tax relief for merging superannuation funds for public comment. The draft legislation takes into account several of the issues raised by ...|
|... expense of the industry. He was speaking on the back of the current Minister for Financial Services and Superannuation Bill Shorten's address to the Financial Services Council conference the previous day, who he challenged to look into some of the more ...|
|Financial services minister Bill Shorten said that by 2017, the industry will be unrecognisable, predicting the age of commission-free super and greater convergence of retail and industry super funds. The minister said that within five years, the transition ...|
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The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
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New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
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Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
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Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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