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Showing 1221 - 1230 of 7380 results for "System"

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... funds with members operating a small business. "There also appears to be a higher proportion of individuals entering the system for the purpose of illegally accessing their super as this group tend to be targeted by promoters," he said. While most trustees ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... Monetary Policy Board and a Corporate Governance Board; the former would look at monetary policy decisions and financial system stability alone, while the latter would be focused on corporate governance. The Monetary Policy Board would comprise the governor ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
The number of superannuation complaints have slashed while those related to financial advisers have shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... said that the government wants to form a national consensus regarding a clear objective for the Australian superannuation system. His comments come after the release of a draft objective for superannuation which aims to preserve savings to deliver income ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... the Retirement Income Review enforced the benefits of home ownership in retirement, saying the current retirement income system does not deliver for retiree renters. "Home ownership has fallen for younger and lower- to middle-income Australians over ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... must demonstrate responsible investment practices, and 78% think underperforming funds should be disqualified from the system. SCA senior research and policy advisor Rebekah Sarkoezy said: "What's clear is that there's strong consumer demand ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... However, she ultimately concluded that "while the full impact of this policy tightening is still making its way through the system, the strength of the economy and the elevated readings on inflation suggest that there is more work to do." Meanwhile ...

SuperConcepts integrates with Smarter SMSF platform

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... enhancements, including more document types and the automatic transfer of data, and documents from Smarter SMSF to the SuperMate system, he said. Dunn added: "We see some fantastic opportunities ahead with this two-way integration." "With an ever-growing ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
Australians are firm believers in the superannuation system, with 80% of fund members believing those who are self-employed should also be mandated to contribute. This is a headline result from the Association of Superannuation Funds of Australia (ASFA) ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... practices through enhanced focus of boards and senior management and minimising the impact of disruptions to customers and the system. It requires entities to effectively manage all operational risks, maintain critical operations through severe business ...