FEDERAL BUDGET 2017

Financial planning

The Federal Government’s 2017 Budget measures on using super for housing underscores the need for advice, and for it to be tax deductible....

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Life/Risk

The government measures put in place in the 2017 Federal Budget would be unlikely to translate into a real fix for housing market challenges....

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Superannuation

The first home super saver announced in Tuesday’s Budget should not involve any significant administrative burden on super funds, ASFA believes. ...

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Policy & Regulation

The Diverted Profits Tax will impose a 40 per cent penalty tax rate on Australian profits artificially shifted offshore by large multinationals....

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Policy & Regulation

The Federal Government will impose a six basis point levy on the major banks but has specifically excluded superannuation and insurance businesses....

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Superannuation

The Federal Government will use super as a tax-effective conduit for people to save for a home deposit. ...

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Policy & Regulation

The Australian Bankers Association has hit back at the Government over the imposition of a levy on the major banks saying it is counter-productive and was imposed without...

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Policy & Regulation

FSC calls for end to politicisation of financial services and to calls for a Royal Commission....

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Policy & Regulation

The Federal Budget has confirmed the creation of a single financial services EDR scheme – the Financial Complaints Authority....

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Superannuation

The industry funds have given a cautious welcome to the Budget super changes but expressed concern about ultimate purpose of super....

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Policy & Regulation

The Federal Government is looking to tighten the arrangements around 'stapled' structures but is not ready to announce anything in the Budget....

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Superannuation

The financial services industry appears united in urging the Government to ensure next month’s Budget does not further delay increasing the superannuation guarantee to 12...

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Accounting

The Institute of Public Accountants has called on the federal government to extend the write-off initiative for 2017-2018....

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