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Showing 51 - 60 of 357 results for "Levy"

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... time," he said. Supplementing these tax measures, the government also announced it will retrospectively raise the Medicare levy low-income threshold by 4.7%, effective from 1 July 2024. Budget documents said this should help over a million lower-income ...

Fixing retirement system an election priority: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025
... and would cost about $360 million over its first four years and $50 million a year thereafter, which should be funded by a levy on super fund balances," it said. Finally, in terms of measures that would prepare the ground for a large pay-off down the ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
The Compensation Scheme of Last Resort (CSLR) levy could potentially catapult to $123 million in the 2027 financial year, new estimates from the Financial Advice Association of Australia (FAAA) shows. Following the bombshell that the 2026 CSLR levy ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... the Parliament listen to those calls and make commitments before the election." On January 31 the CSLR released its FY26 levy estimates which revealed financial advisers would likely have to fork out $70 million to fund the scheme, breaching the $20 ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... Jones said. Stakeholders wishing to make a submission to the review have until February 28. The 2026 financial year CSLR levy estimates have blown out to $77.9 million. The financial advice sector is set to pay $70.11 million - which has blown out of ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR today released its FY26 levy estimates and blamed the failures of Dixon Advisory & Superannuation Services (DASS) and United Global Capital (UGC) for the ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... ensuring financial advice reform remained on the government's agenda, legislating the first tranche of its response to the Levy review," Briggs said. Likewise, the Super Members Council (SMC) thanked Jones for his service and noted his work in championing ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... collapses continuing to emerge. Now is a critical time as we await the expected announcement on the CSLR cost estimate and levy for the 2025/26 year." FAAA data shows that Dixon Advisory has amassed more than 2700 complaints and incurred near $340 million ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... think tank predicts this will cost the government about $360 million over its first four years and should be funded by a levy on all super account balances. "The complexity of the retirement income system means funds should be able to help their members ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... knowledge, not historical assumptions. The chief executive of CSLR has also previously warned of the potential cost of the levy - forecasting a total of $20 million in FY26 - depending on complaints resolved by the Australian Financial Complaints Authority ...