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Showing 1 - 10 of 91 results for "Loophole"

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
South Australia has become the first jurisdiction in Australia to support a motion calling for the close of a legal loophole that protects paedophiles' superannuation from access by survivors of child sexual abuse. The Legislative Council unanimously ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
Plans to allow access to offenders' superannuation savings as a means of recourse for victims and survivors of child sex abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying child abuse victims court-awarded compensation. The proposals will make certain super contributions made by an ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... James Austin-Beddoes were sentenced to a combined 15 years in prison over their involvement in a scam that "exploited a loophole" on the platform - reported to be Australian-based Coinspot. The scam was masterminded by James Parker, who died in January ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... super test," ISA said. These funds are shifting assets to categories with lower-return benchmarks and exploiting a fee loophole that boosted their test score without a reduction in overall fees or an increase in investment returns to members, ISA added. ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
CHOICE has made a submission to the federal government, providing a framework on how to better protect consumers from risks associated with cryptocurrency. According to the latest data from CHOICE's national consumer survey, one in five Australians ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
An ACTU report has blasted the Coalition government for the consistent entrenchment of low wage growth. The Morrison missing in action on wages report shows that over the entire term of the Morrison government, real wages have fallen by 2.3%. This is ...

Hume, Bragg address Blockchain Week

ELIZABETH MCARTHUR  |  TUESDAY, 22 MAR 2022
... to ongoing sanctions against Russia amid the war in Ukraine - and the question of whether cryptocurrencies provide a loophole around these sanctions. "Without proper measures, crypto will be a loophole in international sanctions. Some of the most nefarious ...

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
... part of the application process as credit cards are legally required to do," Kirkland said. "It is critical to fix this loophole in our laws, to ensure these businesses can't create debt traps for low-income households by providing credit that looks ...
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