Josh Frydenberg

Financial planning

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

Few Budget surprises in financial services

The financial services industry has delivered the Budget a muted response in circumstances where the Treasurer, Josh Frydenberg, had announced most of the Government’s fi...

Policy & Regulation

Govt will pay unpaid FOS determinations

The Government has committed to paying unpaid Financial Ombudsman Service determinations impacting consumers and small businesses up to $30.7 million....

Policy & Regulation

Govt promises ‘Howard era’ tax cut

The Federal Government has delivered what it is describing as the largest personal income tax since the Howard Government....

Superannuation

Frydenberg unveils Budget super tweaks

The Federal Treasurer, Josh Frydenberg has unveiled key tweaks to superannuation policy – allowing those aged 65 and 66 to make voluntary contributions without the work t...

Superannuation

Govt canvasses raising minimum super default insurance levels

The Federal Government has issued a discussion paper canvassing lifting the minimum default levels of insurance inside superannuation as well as including total and perma...

Financial planning

Govt regulates directing grandfathered commissions to clients

The Federal Government has released the regulations which it claims will ensure grandfathered commissions lost to advisers will be directed to clients....

Policy & Regulation

Frydenberg takes financial services prosecutions federal

The Federal Government has budgeted to break new ground by shifting financial services criminal prosecutions away from the states and into the jurisdiction of the Federal...

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

SMSFs win on LRBAs

The Government has accepted a report from the Council of Financial Regulators and the Australian Taxation Office declaring that limited recourse borrowing arrangements ar...

Editorial

Hayne’s findings important but not without flaw

The chief executive of the Financial Planning Association (FPA), Dante De Gori is absolutely right to urge the major parties against turning the final recommendations of ...

Policy & Regulation

AFCA empowered to deal with historic complaints

The Government has empowered the Australian Financial Complaints Authority to deal with complaints dating back to 1 January, 2008....

Policy & Regulation

Govt-convened forum lambasts Labor policy

A Government-convened forum of property and building identities has discussed the Australian Labor Party’s proposed policy changes on negative gearing and capital gains a...

Superannuation

Legislation closes the super corporate box

The Federal Government has succeeded in substantially passing legislation which will significantly curtail the ability of superannuation funds to use corporate hospitalit...

Superannuation

Govt legislates on industry fund corporate boxes

The Federal Government has controversially amended legislation before the Parliament to target the use of corporate boxes by industry funds to influence employer default ...