morrison government

Superannuation

Gov to introduce a super consumer advocate

The Federal Government will establish a superannuation consumer advocate and has asked the Treasury to recommend a potential provider following a call for expressions of ...

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...

Superannuation

Super funds will struggle to meet Govt deadline

Superannuation funds will likely struggle to meet the Government’s 1 July implementation date for its new superannuation legislation....

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 ...

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

Govt pushes to pass new super reforms

The Coalition Government has called on the Senate to pass its Protecting Your Super Package and Member Outcomes legislation. ...

Financial planning

Tax Board to review granny flat arrangements

The Government has requested the Board of Taxation review the tax treatment of granny flat arrangements. ...

Superannuation

Gov to improve courts’ visibility of super assets

A new information-sharing initiative announced as part of the Women’s Economic Security Package will improve the Family Court’s visibility of the superannuation assets of...

Superannuation

Super changes seek to shift scales toward women

Federal Women’s Minister, Kelly O’Dwyer, today announced a raft of policies intended to boost superannuation for women as the Government looks to act on financial gender ...

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 ...

Policy & Regulation

Gov puts money, confidence behind APRA chair

The Morrison Government has reappointed Australian Prudential Regulation Authority (APRA) chair, Wayne Byres, for five more years and committed $58.7 million of new fundi...

Superannuation

Govt extends CIPRs deadline

The Federal Government has moved to eliminate mistakes and oversights from its retirement income covenant at the same time as extending the deadline for funds introducing...