Super stoush continues
Nick Sherry
Shadow Minister for Superannuation Nick Sherry has called for more detail on the Government’s Budget superannuation changes before responding to the latest challenge from Assistant Treasurer Peter Dutton.
The verbal stoush on superannuation between Government and the Opposition begun in early July enters a new phase this week.
Both Dutton and the Opposition spokesman on financial services, Senator Nick Sherry, are addressing this week’s Investment and Financial Services Association (IFSA) conference on the Gold Coast.
Yesterday, Sherry and shadow Minister for Finance, Lindsay Tanner, said the IFSA conference was an ideal time for Dutton to reveal crucial details including costings, draft legislation and income distribution analysis of benefit outcomes, as a precursor to Labor’s response.
They went on to suggest the Government was trying to keep the details secret.
“It is an arrogant and lazy government that expects a Labor opposition to sign up to an unfinalised, discussion status ‘plan’ without specific costings and legislation.”
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.