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Showing 61 - 70 of 1646 results for "Division 296"

Improvised super tax poses unfair, inequitable outcomes: Industry

MATTHEW WAI  |  TUESDAY, 20 JAN 2026
While the improved methodology for calculating superannuation earnings was previously applauded by the industry, the SMSF Association (SMSFA) and CPA Australia believe the Better Targeted Super Concessions Bill still fails to strike the "right balance" ...

State Street boosts digital asset access with new platform

MATTHEW WAI  |  FRIDAY, 16 JAN 2026
State Street has launched a new digital asset platform as it looks to broaden institutional investors' access to the asset class. The new platform enables State Street to continue to develop "core products" like tokenised money markets funds (MMFs) ...

Super moves: NGS Super, HESTA, Mercer

ELIZABETH FRY  |  THURSDAY, 15 JAN 2026
NGS Super has promoted Miao Yu to portfolio manager, currency and commodities. Most recently, Yu served as a senior investment analyst at the $17 billion fund for over two years, after joining in 2023 as an investment analyst. Previously, she worked ...

APRA executive director of super, life insurance exits

RIDDHIMA TALWANI  |  MONDAY, 12 JAN 2026
The Australian Prudential Regulation Authority (APRA) has noted the departure of executive director life insurance, private health insurance and superannuation (LPHIS) Carmen Beverley-Smith. APRA said Beverley-Smith has resigned to take up an opportunity ...

SEC slams proxy adviser 'oligopoly,' urges AI use

KARREN VERGARA  |  MONDAY, 12 JAN 2026
The Securities and Exchange Commission (SEC) has slammed the oligopolistic nature of the proxy adviser industry and floated the potential for artificial intelligence (AI) to upend their stronghold. Brian Daly, the director of the SEC's division of investment ...

First Super chief to join rival as investment head

JAMIE WILLIAMSON  |  TUESDAY, 6 JAN 2026
First Super chief executive Bill Watson will bid farewell to the fund for the paper, pulp and timber industries to take up a lead investment role. Watson is joining BUSSQ as chief investment officer, effective April. He has served as chief executive ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
In 2019, then APRA chair Wayne Byres had a blunt message for superannuation funds: "Are you going to get better, or are you going to get out?" The question marked the decisive shift in the regulator's tone, making its agenda explicit: super funds ...

Family office buys stake in Lendlease retail asset

KARREN VERGARA  |  TUESDAY, 23 DEC 2025
Lendlease is selling a stake in luxury retail mall The Exchange TRX to a Malaysian family office for nearly $406 million. Lendlease will offload the 40% stake in The Exchange TRX, as well as its 60% interest in the office asset valued at RM1.1 billion ...

Treasury seeks feedback on major super tax reform

KARREN VERGARA  |  FRIDAY, 19 DEC 2025
Treasury is seeking industry feedback on the proposed reforms that aim to reduce tax concessions under Division 296 "enjoyed by individuals with large superannuation balances." The proposed changes centre on applying a 30% tax rate on earnings from ...

Perpetual extends exclusive talks for wealth management sale

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
Perpetual has extended the exclusivity deed with Bain Capital Private Equity to Q1 next year. In an ASX announcement this morning, Perpetual said while discussions are progressing well, there is no certainty of reaching a binding agreement, or that ...