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| | | Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ... |
| | | | Treasury has released its most recent Tax Expenditures and Insights Statement, which shows the government is bracing for a spike in Australians claiming investment tax breaks. The statement flagged those claiming capital gains tax (CGT) breaks in the ... |
| | | | Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers." Bit Trade offered a "margin extension" product, which allowed payments to be ... |
| | | | ... of 0.3% since the middle of 2024, in line with recent population growth. "The participation rate fell by 0.1 percentage point to 67% in November, from the historic high of 67.1% in September," Taylor said. "Despite the fall, the participation rate was ... |
| | | | The supply-side productivity-enhancing reforms of the Hawke/Keating Labor government, continued by Howard/Costello, have since stalled, leading to a decline in productivity - a key catalyst in the deterioration of living standards, according to AMP ... |
| | | | Super Members Council (SMC) has set out its key policy priorities in 2025 to further strengthen the superannuation system. The advocacy group, which represents over 11 million people, has called for no changes to the superannuation system's fundamental ... |
| | | | ... shareholders." Finally, O'Sullivan thanked Elliot for his service over the years. "What a great legacy and what a great starting point for us today for the next lap," O'Sullivan added. "What he has led is the adoption of a purpose-led strategy," he said. ... |
| | | | Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. ... |
| | | | ... to lead to a radical change in economic policy but does run the risk of even more public spending. "These considerations point to at least a high risk of increased volatility after the relative calm of 2024." But it's not all bad news, Oliver said, as ... |
| | | | ... blacklist will be prescribed in the regulations, Treasury said. It is hoped creating the new class will serve as an entry point for many to the financial advice profession while ensuring there is a clear boundary between the new class and professional ... |
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