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Showing 791 - 800 of 2469 results for "Budget"

Instant asset write off extended

HARRISON WORLEY  |  THURSDAY, 13 SEP 2018
... responsible for the Government's response to the Royal Commission. His remit will extend to taxation and superannuation policy, budget, economic and fiscal policy, and major foreign investment decisions. Newly anointed Assistant Treasurer Stuart Robert ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... government has abandoned plans to increase the pension age to 70 by 2035. The plans were first announced in the 2014-15 Federal budget by then-Treasurer Joe Hockey. "We are pleased that the Morrison government has abandoned Coalition plans to increase ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... from superannuation funds but there is still a long wait for both, according to State Street Global Australia. In its May budget, the Federal Government said it would introduce a retirement income covenant requiring super fund trustees to offer Comprehensive ...

Federal oversight of financial services sector clarified

JAMIE WILLIAMSON  |  TUESDAY, 4 SEP 2018
... responsible for responding to the Royal Commission. He will also have responsibility for taxation and superannuation policy, budget, economic and fiscal policy, and major foreign investment decisions. Meanwhile, Robert will take care of financial services ...

SMSFA questions three-year audits

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... to ensure their fund is compliant," Maroney said. The Federal Government proposed the new auditing rule in this year's Budget. In response to Treasury's discussion paper, Maroney urged the Government should reconsider introducing the proposal. The submission ...

AustralianSuper secures WestConnex stake

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... retain a 49% residual stake and distributions will be directed into the NSW Generations Fund as announced in the 2018-19 Budget. AustralianSuper chief investment officer Mark Delaney said the deal will boost economic growth and employ thousands of workers ...

Industry fund cuts admin fee

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
A $72 billion industry superannuation fund is cutting its administration fee for lower-balance accounts - a change which affects one-quarter of its members. UniSuper members with account balances lower than $4800 will now pay 2% of the account balance ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
... protected," the centre said. While this would appear to increase the government's contingent liabilities under current budget accounting methods, the centre argues that those methods are incorrect anyway. As APRA has first claim on amounts paid out to ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... trend may reverse in the next five years if the changes to default insurance in superannuation announced in the 2018/19 budget are implemented, KPMG warned. The profitability of products such as TPD, trauma and disability income, continue to be an issue. ...

Advisers can't ignore CIPR debate: SSGA

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... don't apply to the self-managed super fund sector, will be also impacted in some way, he warned. In this year's Budget, the Federal Government said it will accelerate the development of retirement income products. One of the purposes of CIPRs ...