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Showing 411 - 420 of 6824 results for "Tax"

One more vote needed for $3m super tax

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
... ally, and also accused Chalmers of being misleading in defending the Bill. "As if to prove incontrovertibly the Div 296 extra tax on super balances is about politics and not policy, Treasurer Jim Chalmers offered stymie debit and credit card surcharges ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... Last December, the FSCP reprimanded two financial advisers who failed to provide a thorough assessment of their clients' tax liabilities. The first financial adviser was reprimanded for recommending a client make a superannuation non-concessional ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
US President Donald Trump has signed an executive order calling for the creation of a sovereign wealth fund. The executive order directs US secretary of the treasury Scott Bessent, who was sworn in last week by Supreme Court Justice Brett Kavanaugh ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... to "finally allow" companies to "close onerous and expensive legacy IT systems" without leaving their customers with "hefty tax penalties." Others sit with the government, such as streamlining the Foreign Investment Review Board processes for low-risk ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... unpaid caring work." Among the primary recommendations, Rest also called for the government to update the Low Income Super Tax Offset policy settings to give a fairer deal to low-income earners. It also wants the government to fund and develop a framework ...

Lendlease makes $235m divestment

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... to $2.2 billion. The sale is anticipated to contribute approximately $70 million to Lendlease's FY25 operating profit after tax. Capella Capital was established in 2009 in a partnership between Lendlease and Capella management. Capella currently manages ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... increase. Factors to consider include whether the client needs the additional cash flow, and the benefit of accessing the tax-free environment now versus having the additional $100,000 in the retirement phase. "On the second point, generally the later ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
A Victorian-based self-managed superannuation fund (SMSF) auditor will remain disqualified after he failed to overturn ASIC's initial verdict. ASIC originally disqualified Nazrul Islam, of Clayton South in Victoria, from being an approved SMSF auditor ...

AFCA chief operating officer departs

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Financial Complaints Authority (AFCA) has announced that chief operating officer Justin Untersteiner will be departing, effective March 14. Untersteiner is set to take up the role of chief executive of the Australian Health Practitioner ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
Modelling by the Super Members Council (SMC) shows close to one million older Australians are paying more in tax by leaving their super savings in accumulation products. The SMC said 700,000 Australians aged over 65 and no longer working full-time have ...