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Showing 11 - 20 of 116 results for "Loophole"

Oxfam calls for net wealth tax

ELIZA BAVIN  |  MONDAY, 19 JAN 2026
The average Australian billionaires' wealth grew by almost $600,000 a day in the past year, or over $10.5 billion collectively, Oxfam research found. Globally, billionaire wealth jumped by over 16% in 2025, three times faster than the past five-year ...

Government cracks down on financial abuse via coerced directorships

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
The government has opened consultation to combat financial abuse in families perpetrated through coerced directorships. The consultation paper by the Treasury noted that financial abusers can exploit loopholes in tax and corporate systems, weaponising ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... understatement. The consumer Currently, anti-hawking laws allow financial services to be sold, but not financial products. Another loophole was the fact that consumers were contacted after freely providing their information after seeing an online advertisement. ...

FEATURE: Back in action

ELIZA BAVIN  |  FRIDAY, 12 SEP 2025
... acknowledges there is still inherent risk with this approach, advisers and their clients can also take advantage of a tax loophole. "There's risk there, but that's something that's quite popular and that feeds into debt recycling," he says. "That new ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... sales practices," O'Halloran said. "We have the same protections already in our financial products, and it's an easy loophole to get through by saying that you provide someone a superannuation or a financial health check, then continue to sell a product. ...

Treasury opens consult on non-compete reforms

ELIZA BAVIN  |  FRIDAY, 25 JUL 2025
Treasury has officially opened its consultation into reforms to ban non-compete clause after the measure was introduced into the 2025-26 Federal Budget. The consultation has asked for feedback on policy details to ban non-compete clauses for low- and ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
The ranks of Australian billionaires have more than doubled over the past decade, accumulating wealth at $137 million per day on average - $95,000 per minute, according to Oxfam Australia. Its acting chief executive Christina Muli described this as ...

Super lobbies welcome bipartisan support to fight financial abuse

ELIZA BAVIN  |  MONDAY, 28 APR 2025
... perpetrators to end their abuse in all forms". SMC chief executive Misha Schubert said there was an urgent need to close the loophole to allows perpetrators of violence to inherit victims' super. "Under current laws, an abuser can receive a victim's ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
... a financial reward for perpetrators," she said. "Perpetrators should not profit from their crimes. Closing this legal loophole will protect victims of family violence and financial abuse. "We call on all political parties and independent candidates to ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
From 2027, employers will no longer be able to impose non-compete clauses on employees earning less than $175,000. They will also not be able to exploit loopholes that block staff from joining competitors. Announced as part of the Federal Budget for ...