policy

Policy & Regulation

ALP proposals could hit property market hard

The Labor Party’s proposed reforms to negative gearing and capital gains tax could split the property market in two, despite promises from Canberra that the changes would...

Policy & Regulation

ASIC will not ignore ‘lawful’ behaviour

The Australian Securities and Investments Commission has declared that just because behaviour is lawful does not make it an excuse where consumer detriment is concerned....

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 claims Grattan attacking ordinary Australians

The Association of Superannuation Funds of Australia has joined the dissent against the Grattan Institute’s retirement report, labelling it “an unprecedented attack on th...

Policy & Regulation

Melbourne fin services business cops $9m penalty

A Melbourne-based financial services and credit business has been ordered by the Federal Court to pay penalties of just under nine million for multiple breaches of obliga...

Policy & Regulation

Standing Committee warned of “inequity” of ALP’s dividend reform

Labor’s proposed franking credits reforms are “flawed, inequitable and fail to meet the policy intent of improving the integrity of dividend imputation for all tax payers...

Policy & Regulation

Planner warns on franking credits policy fallout

A senior South Australian financial planner has warned a Parliamentary Committee that middle-class retirees will be most affected by the Federal Opposition’s franking cre...

Policy & Regulation

New research counters Labor’s negative gearing claims

New research commissioned by building industry group, Master Builders Australia has pointed to significant economic damage resulting from the Federal Opposition’s policie...

SMSF

SMSF policy changes put pressure onto trust deed updates

Following a period of significant change for self-managed superannuation fund policy, trustees and their advisers should remember to review trust deeds, weathdigital has ...

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

Industry funds urge comparability on member switching

Industry superannuation funds are urging the imposition of greater comparability around fees, costs and performance to give transparency around advisers switching members...

Policy & Regulation

Industry funds at risk from Labor policy

New analysis suggests that Labor’s proposed changes to dividend imputation could have unintended consequences extending well beyond SMSFs to industry and retail superannu...

Policy & Regulation

ASIC provides relief on ETF short-selling

The Australian Securities and Investments Commission has provided legislative relief that will allow exchange-traded fund market makers to make named short sales in ETF a...

Policy & Regulation

Australia could learn from NZ on welfare

Better targeting those with future social support needs could deliver big budget savings and better outcomes for those within Australia’s social security system, the Actu...