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Showing 31 - 40 of 1269 results for "Labor"

Super tax requires a 'holistic' review: ASA

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... terms on the Division 296 superannuation tax. The super tax has received mixed opinions since its announcement, but the Labor government has insisted on proceeding with the bill to impose an additional 15% on super balances that exceed $3 million. ASA ...

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
... response to COVID-19 and the implementation of JobKeeper, as well as the preparation of the past four budgets under the Labor government. "Jenny is one of Australia's most distinguished and experienced economists and public servants and has served with ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
Labor is proposing several reforms to giving or ancillary funds that include increasing the annual distribution rate and smoothing out minimal distributions over three years. In the consultation paper Giving fund reforms: Distribution rate and smoothing ...

Up to two million Aussies could face super tax: FSC

MATTHEW WAI  |  FRIDAY, 6 JUN 2025
... one of the four scenarios. The four scenarios consist of: $3 million threshold without indexation, as previously released (Labor policy) $3 million threshold with indexation (potential negotiated outcome) $2 million threshold with indexation (Greens ...

Coalition names shadow treasurer, financial services minister

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... guiding the Coalition back to a position of unity and said the focus is now on Anthony Albanese. Littleproud said holding the Labor government to account is important to democracy, adding that "we've laid the foundation stones of a Coalition that can ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Treasurer Jim Chalmers is remaining steadfast that the Labor government will legislate the 30% tax rate on superannuation balances over $3 million. "We've made that clear that we haven't changed our policy. We announced that policy more than ...

Labor vs Liberal: Which government is better for Australian stocks?

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
Labor has secured 93 of the 150 seats up for grabs in the House of Representatives, with a few still in doubt - more than Kevin Rudd or Bob Hawke claimed in their maiden election victories - but does this historic win over the Coalition spell bad news ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... Financial Advice Association Australia (FAAA) chief executive Sarah Abood has voiced concerns about the future of Div 296, given Labor's overwhelming victory at the federal election. The proposed 30% tax on superannuation balances above $3 million could ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... crisis that's hitting the younger generation, and a climate emergency demanding decisive action, Global SWF said the Labor government is repurposing the Future Fund as more than just a passive investment vehicle. The government is giving the Future ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
Labor winning a second term means numerous reforms that fell through the cracks in the lead up to the federal election will potentially see the finish line more seamlessly compared to another party taking power, according to ASIC. Meanwhile, APRA said ...