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Showing 41 - 50 of 162 results for "Tax Reform"

Super funds lobby for super tax reform

KARREN VERGARA | WEDNESDAY, 16 AUG 2023

Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI | FRIDAY, 14 APR 2023

... "meaningful" change to superannuation tax breaks, and changes to multinational taxes are the priorities when it comes to tax reform. "But also showing spending restraint in the budget, particularly when it comes to these revenue upgrades from higher ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN | MONDAY, 6 FEB 2023

... lower-income earners and women, can enjoy a better and financially-secure life in retirement." Further, Mercer's Super tax reform leading to fairer outcomes report highlighted three key benefits of its proposals. The proposals will close the gender gap ...

Downside risk dominates Australia's economic outlook: IMF

ANDREW MCKEAN | THURSDAY, 2 FEB 2023

The International Monetary Fund (IMF) has warned Australia's economy is on a narrow path to a soft landing, with downside risks. An IMF report said downside risks to the economic outlook dominate, with uncertainty regarding global growth, commodity ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER | FRIDAY, 22 JUL 2022

An Organisation for Economic Co-operation and Development (OECD) report indicates that Australia's lack of capital gains tax has led to a monumental increase in house prices that have unfairly affected the less wealthy. The report states that between ...

Millions to receive tax offset

TOM WATSON | TUESDAY, 29 MAR 2022

... income tax offset for the 2022-23 financial year. The government has made its intention to push ahead with its broader tax reform agenda from 2024 clear though. "Under the cuts, the 37% tax bracket will be abolished, the top 45% bracket will start from ...

Australian Investment Council chief executive steps down

ELIZABETH MCARTHUR | TUESDAY, 25 JAN 2022

The chief executive of the Australian Investment Council (AIC) has stepped down to take on a new role in the financial services industry. Yasser El-Ansary's new role is yet to be revealed, but AIC confirmed El-Ansary is departing after eight years as ...

Recovery set to slow: OECD

ANNABELLE DICKSON | THURSDAY, 16 SEP 2021

... strategy should be framed in the context of future budgetary pressures and monitored by an independent fiscal institution. Tax reform will be necessary to reduce Australia's reliance on taxing personal incomes, which leaves public finances vulnerable ...

More women in workforce with greater paternity leave: ASI

JAMIE WILLIAMSON | THURSDAY, 4 MAR 2021

... dual income household, facing higher net personal average tax rates than singles. For this reason, ASI is calling for tax reform. "Similarly, where the tax-transfer system does the most to counteract the barriers to participation faced by sole parents ...

Land tax favourable over stamp duty: Survey

ELIZA BAVIN | MONDAY, 30 NOV 2020

... favour of the proposed ditching of stamp duty. In November, the NSW state government announced it will lead the way on tax reform with its plan to make stamp duty optional, granting homeowners the ability to pay an annual land tax instead. The proposal ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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