Budget

Superannuation

Will the Budget deliver an early access third tranche?

A pause in the superannuation guarantee at its current 9.5% is looking almost certain in next month’s Budget and no one is ruling out a further extension to hardship earl...

Superannuation

Positive changes for SMSF sector in Budget

The SMSF Association has welcomed the Government’s proposed changes regarding calculating ECPI and increasing the age where the work test for making contributions to supe...

Financial planning

FPA warns on fee increases post-Budget

The Financial Planning Association has welcomed last night’s Federal Budget, but cautioned that using ASIC’s industry funding model to pay for implementing Royal Commissi...

Policy & Regulation

ASIC ups levies despite Budget funding boost

The Australian Securities and Investments Commission has announced increases in its levy demands on financial planning firms despite substantial increases in funding to b...

Superannuation

Super fund members need more protection

The Federal Government should use the upcoming federal budget to improve protections for super fund members, according to Dixon Advisory....

Policy & Regulation

ASIC and APRA already Budget winners

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have already been identified as major funding winners from next mo...

Policy & Regulation

FSC calls for Budget relief on legacy product rollovers

The Financial Services Council has called on the Government to finally act on tax relief allowing consumers to be rolled out of legacy financial products....

Policy & Regulation

Where are this year’s pre-Budget submissions?

Industry organisations and firms have until 1 February to lodge a pre-Budget submission with the Federal Treasury but, thus far, no one actually has....

Superannuation

Budget super reforms to go before Senate

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

Superannuation

Small funds most impacted by Budget changes

New research from SuperRatings has found that it is smaller superannuation funds which will be most impacted by the Government’s Budget changes to the treatment of low ba...

Superannuation

Govt’s super changes could defeat best interests

The Federal Government’s Budget changes impacting low-balance superannuation fund members could contradict best interests requirements by leaving them worse off....

Superannuation

More detail needed on audit changes, SMSF Association says

The SMSF Association’s auditor members are concerned about the details of the proposed Budget changes and the effects on their audit businesses....

Policy & Regulation

Super Guarantee off the Budget agenda

The Federal Treasurer, Scott Morrison has sent a clear signal that the Government won’t be tinkering with the superannuation guarantee in next week’s Budget....