federal government

Policy & Regulation

The Government has released two bills implementing the tax and regulatory components of the Corporate Collective Investment Vehicle regime for consultation....

Financial planning

Closing retirement income gap “critical”

The Federal Government will today release its inaugural Women’s Economic Security Statement, forming part of a critical effort to close the financial gap at retirement be...

Superannuation

Govt bends to industry super funds

The Federal Government has accommodated the wishes of industry funds by extending the so-called “superannuation outcomes test” to choice products, most of which reside wi...

Superannuation

Govt makes key concession on insurance inside super

The Government has agreed to make an exception of young and low balance superannuation fund members working in high-risk occupations from its opt-in legislation....

Policy & Regulation

Govt to double employee share scheme limit

The Federal Government is proposing to increase the value limit of products in employee share schemes that can be offered in a 12-month period from $5,000 to $10,000 per ...

Superannuation

Frydenberg rules out SG change

The Federal Treasurer, Josh Frydenberg has made clear the Government will opt for retirement income certainty rather than the superannuation guarantee recommendations of ...

Superannuation

ASFA urges Govt to expand work test exemption

ASFA is encouraging the Government to consider expanding access to the exemption from the contributions work test to individuals with a total superannuation balance under...

Superannuation

Govt puts super fund governance back on agenda

Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the Government has made clear the issue remains very much al...

Financial planning

Advice carve-outs undermine RC findings, says ISA

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

Financial planning

VOFF letter added to Coalition’s woes

Victims of Financial Fraud has written to Treasurer Josh Frydenberg to remind him how vehemently the party objected to holding a Banking Royal Commission. ...

Policy & Regulation

Govt moves to double financial services penalties

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

Policy & Regulation

Australian open banking at “significant risk,” Trade Ledger says

The global corporate lending platform has warned the Federal Government of substantial weaknesses in its proposed Open Banking implementation plan....

Policy & Regulation

Govt to examine implications of scrapping franking credits

A Federal Government committee will examine the implications for investors if refundable franking credits were to be scrapped....

Superannuation

Govt cutting SMSFs’ red tape: O’Dwyer

The Government has claimed it is reducing the compliance burden for self-managed superannuation funds, opening consultation for a paper on its proposed changes to SMSF au...

Superannuation

SMSF Association welcomes SMSF auditing consultation

The SMSF Association has welcomed the Government’s decisions to extend consultation on the proposed three-yearly audit cycle for some self-managed superannuation funds....