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Showing 1 - 10 of 60 results for "Lower House"

Calls for CGT, negative gearing reforms 'unanimous': Mulino

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... were failing younger Australians. While refusing to disclose modelling or confirm whether the proposed measures would lower house prices, Mulino repeatedly stressed the government remained focused on supply side reforms, including more than $45 billion ...

Division 296 bill tabled, suggested reforms fall on 'deaf ears'

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... Jim Chalmers introduced the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 to the lower house, which includes the boosting of the low-income super tax offset (LISTO), and the super tax concession reform. In response ...

Government's rush to implement Payday Super is 'reckless': Coalition

MATTHEW WAI  |  WEDNESDAY, 29 OCT 2025
... Super, which is slated to come into effect on 1 July 2026, was read for the second time yesterday. Addressing the lower house, Treasurer Jim Chalmers said the Treasury Laws Amendment (Payday Superannuation) Bill 2025 will help stop "disreputable" employers ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... additional tax on super balances over the $3 million threshold once legislated, has made no progress since passing the lower house in October last year. The IPA objects to the lack of a refund mechanism for negative earnings and optionality for funds ...

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
... SMSFA and various MPs including Teal independent Kylea Tink. However, amendments were shot down when it passed the lower house in October last year; it currently remains before the Senate and could be postponed to until after the federal election. Burgess ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... 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 in the Senate. "The government does not have the numbers in the upper house, and ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... extra 15% tax for any super balance that tops over $3 million when it comes into effect. The proposal, passed the lower house last month, was on its way to the Senate only to be reported that it could be shelved until after the next federal election. ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
The Reserve Bank of Australia (RBA) board has confirmed it discussed both leaving interest rates unchanged and a hike at its May meeting. The board minutes were in line with messaging from RBA governor Michele Bullock, who spoke at a press conference ...
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