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| | | ... trustees, SMSF professionals and credit providers, will need greater certainty on how key aspects of the amendments will apply. "As the LRBA amendments came from the cross bench, there was no accompanying explanatory memorandum setting out the intent ... |
| | | | ... activities including supervision, surveillance, enforcement, policy advice, education and industry engagement, while fees apply to entity specific services as licensing and relief applications. ASIC also notes it has simplified its CRIS webpages to make ... |
| | | | ... credits should be treated and the ways to collect the minimum tax. The consultation period ends July 30. The change will apply a 30% minimum tax on discretionary trusts to better align the tax rate on trust income with the tax rates paid by workers ... |
| | | | ... the exam. Of these, 21,113 or 92.8% of candidates have passed the exam, which ASIC said demonstrates having the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam. This ... |
| | | | ... investigation into Capital Guard remains ongoing. The licence cancellation is effective from 29 June 2026. Capital Guard may apply to the Administrative Review Tribunal (ART) for a review of ASIC's decision to cancel its AFSL. Capital Guard has held ... |
| | | | ... the CGT discount to the pre-1999 framework where the cost base of an asset is adjusted for inflation. The new rules will apply from 1 July 2027. The 50% CGT discount for individuals, trusts and partnerships will be replaced with cost base indexation ... |
| | | | ... Millennials making up 12.5% and Generation Z just 2.4%, compared with 25.7% and 11% globally. Natixis noted advisers will need to apply new strategies to attract younger investors and continue to provide innovative solutions. Many reported having integrated ... |
| | | | ... moving to the superannuation industry, Brighter Super chief member officer Lisa Kay used to work in a bank, helping customers apply for home loans. One piece of financial information the bank assessed was their superannuation balances, which Kay noticed ... |
| | | | ... shares for at least five years. The start-ups must also be engaged in "genuine innovative activity." The concession will apply to founders, early-stage investors and employees who hold shares through employee share schemes and share option plans. Shareholders ... |
| | | | ... interactions with scam victims help - not hinder." HSBC admitted it failed its obligations under the ePayments Code and did not apply rules in the code for determining when customers or the bank should bear the losses from scams. It also admitted it ... |
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