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Showing 371 - 380 of 2379 results for "Rule"

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
A Senate Economics Committee inquiry will scrutinise the government's proposed changes to franking credits, which target share buybacks and capital raisings. In February, assistant treasurer and minister for financial services Stephen Jones introduced ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
As the government plans to tighten rules around high superannuation balances, investment bonds offer a secure, tax-efficient alternative. The government has proposed doubling the concessional tax rate for super balances over $3 million from 15% to 30%. ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
Rainmaker Information estimates the $3 million superannuation cap would impact $410 billion of savings for around 100,000 Australians. Although only a small proportion of Australians hold $3 million or more in superannuation, they own a disproportionately ...

The super investments driving future economic growth

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... levels. "Only a third of funds had exposure to infrastructure assets in 2010, but now exposure to infrastructure assets is the rule rather than the exception," said ASFA chief executive Martin Fahy. "Australian super funds are increasing investment in ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
The two funds are considering merging, after AvSuper's plans with Commonwealth Superannuation Corporation (CSC) fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... rules change violates the Employee Retirement Income Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling that required that financial factors take precedence ...

The great super cover up is over: Bragg

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
The government's controversial superannuation regulations that allowed less transparency in super fund payments to unions have been quashed. A motion from Senators Jacqui Lambie and Nick McKim to disallow the proposed regulations passed in the Senate ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
Mercer has called for a fairer superannuation tax system, particularly for lower-income earners and women in its pre-budget submission. Mercer's proposed changes aim to improve the fairness of the super tax system, which currently has an inherent bias ...

Wilsons Advisory fined $550k by ASIC MDP

JAMIE WILLIAMSON  |  FRIDAY, 3 FEB 2023
Wilsons Advisory and Stockbroking paid the significant penalty which was issued by the Markets Disciplinary Panel (MDP) after it found the firm to have incorrectly reported many trades as Trade with Price Improvement (TWPI). The $548,328 penalty was ...