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Showing 7481 - 7490 of 18128 results for "superannuation"

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
Treasurer Scott Morrison's Budget missed the mark in setting superannuation policies right, proving they cannot be trusted with more than $2.1 trillion in assets, according to the Federal Opposition. Shadow Treasurer Chris Bowen and Shadow Revenue and ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... Authority (AFCA) will operate in place of the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal as an industry funded complaints resolution body for all financial and superannuation disputes ...

Tax relief for merging super funds extended

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
Tax relief for merging superannuation funds will be extended until 1 July 2020 in an effort to minimise barriers to sector consolidation. As announced in this years' Federal Budget, relief will be available to superannuation funds to transfer capital ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... buyers will be allowed to make voluntary contributions of up to $15,000 per year and $30,000 in total into their superannuation account, all to help purchase their first home. The contributions will taxed at 15%, while withdrawals will be taxed at marginal ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
... latter would allow those over the age of 65 to make a non-concessional contribution of up to $300,000 into their superannuation fund from the proceeds of the sale of their principal home. Small businesses, including financial advice practices and other ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... buyers will now be able to make voluntary contributions (limited to $15,000 per year and capped at $30,000) to their superannuation to save for a house deposit.

Government puts stopper on Future Fund drawdowns

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... expected to commence at this point to meet the unfunded liabilities of Australian government defence and civilian superannuation schemes; this, however, was never a set requirement. According to the 2015 Intergenerational Report, these liabilities had ...

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... welcomed many of the changes to the treatment of fintech companies, he was concerned about how those working with superannuation funds would navigate the "huge systems issues" certain Budget measures will create. "Putting aside anything else, I think ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... The new measures will be designed to protect the financial interests of depositors, insurance policyholders and superannuation fund members by responding to new financial system activities and products, to be offset by a $26.8 million increase in APRA ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... in cumulative Future Fund earnings, GST annual revenue growing $10 billion and the $4 billion increase in annual superannuation fund taxes. This will be supplemented by non-taxation dividend revenue growing from $29 billion in 2016-17 to $37 billion ...