assistant treasurer

Financial planning

Govt extends IMR arrangements into new financial year....

Financial planning

Trio compensation to cost funds up to $500,000

The levy to cover the $55 million financial assistance package for victims of the Trio Capital collapse has been announced by the Government....

Policy & Regulation

Accountants worried about trust income tax reform

Accounting firm Crowe Horwath has expressed concerns about the Government's handling of trust income taxation reform, claiming it is not allowing enough time for consulta...

Policy & Regulation

Tell us how you feel about FOFA

Money Management wants to know how you feel about the proposed FOFA changes....

Superannuation

May Budget to ring in super changes

The Federal Government is expected to announce a number of key changes in the May Budget aimed at overcoming what are regarded as unintended consequences around the so-ca...

Editorial

Financial planners' reform fatigue

Financial planners could be forgiven for suffering reform fatigue - and the release, last week, of Richard St John's consultation paper, Review of compensation arrangemen...

Editorial

Setting appropriate life insurance standards

Amid the heated debate about standard definitions for general insurance, Tim Browne asks whether the same approach should be used in the life insurance arena....

Policy & Regulation

Tax changes would attract foreign investment

The Federal Government hopes to introduce amendments to the income tax law to codify the tax treatment of sovereign investments....

Financial planning

Financial services hub funding finally on offer

The Federal Government's election promise to turn Australia into a financial services hub is starting to take shape, with the tender process beginning for the Centre for ...

Superannuation

Cormann calls for action on super complaints

Long delays in resolutions for complaints at the Superannuation Complaints Tribunal are undermining Australians' confidence in the superannuation system, according to Opp...

Financial planning

Tax advice privilege for accountants a possibility

Accountants could receive legal professional privilege similar to that of lawyers under a new initiative by the Federal Government....

Editorial

Are industry super funds playing with a stacked deck?

Perceptions exist that the industry super funds have succeeded in having the Government stack the cards against financial planners. Mike Taylor writes it is up to the Ass...

Financial planning

Intra-fund advice not your competition: Shorten

The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, has told financial planners that there is no need to compete with the intra-...

Financial planning

'Financial planner' should be defined by law: FPA

The Financial Planning Association (FPA) has called upon the Treasury to restrict the use of the term 'financial planner' under law. ...

Superannuation

Trio Capital bailout, but SMSFs excluded

The Government yesterday announced a $55 million bailout package for superannuation fund members caught out over the collapse of Trio Capital, but the package excludes SM...