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Showing 1 - 10 of 423 results for "Coalition"

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... the Labor government will either lose the next federal election, in which case, the Division 296 Bill is dead, as the Coalition have stated they oppose such legislation," Ali said. Although it passed the lower house in October, the bill has lacked support ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... the fact incumbents worldwide have been punished by their constituents. To make matters worse for Division 296, the Coalition is vehemently opposed to the measure. "Could this bad policy never see the light of day? Hopefully. Then a new government could ...

Coalition urges super funds to push for QAR reforms

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
The shadow minister for financial services Luke Howarth has called on attendees to the ASFA conference to put pressure on the Albanese government to legislate reforms from the Quality of Advice Review (QAR). "Sadly, the Labor government has been slow ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... panel discussion on AUKUS. Despite the controversies surrounding how AUKUS came to light, on October 10, Labor and the Coalition turbocharged the mega-project by pushing the Australian Naval Nuclear Power Safety Bill 2023 through both houses of parliament ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
The Australian Council of Trade Unions (ACTU) has criticised comments made by shadow treasurer Angus Taylor, claiming they reveal the "Coalition's dream of dismantling super." In a speech at the University of Sydney on Wednesday, Taylor said a collapse ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... a scheme would end up having lower disposable income after housing costs and much lower incomes in retirement." The Coalition is proposing a 'Super Home Buyer Scheme', under which people would be allowed to withdraw up to 40% of their superannuation ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... settings all need examining to ensure women aren't left behind." The peak industry also voiced concern over the recent coalition's proposal to amend paid parental leave, claiming women will be "left behind" towards their retirement. In response to the ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Coalition plans to amend paid parental leave legislation to let parents opt for a one-off cash payment instead of superannuation contributions on government-funded paid parental leave. A joint statement from deputy leader of the opposition Sussan ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... action to look closely at the fitness and propriety processes and fund expenditure management of Cbus' trustee. "The Coalition has been calling for regulators to take strong action to ensure Cbus' close connections to its union, the CFMEU, are ...

Super for housing will cause rents to soar: SMC

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
New research from the Super Members Council (SMC) has revealed using superannuation for house deposits could, over time, increase rental prices. SMC said the Coalition's plan to use super for house deposits is projected to cause a 9% spike in the ...
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