Scott Morrison

Tech

Biggest winners from fintech are customers

Fintech removes institutional, bureaucratic impediments between the customer and the service provider, according to Federal Treasurer Scott Morrison....

Policy & Regulation

Morrison rules out family trust changes

The Federal Treasurer, Scott Morrison has ruled out any changes to the rules around family trusts....

Superannuation

Treasurer renews commitment on SMSFs and LRBAs

Federal Treasurer, Scott Morrison has renewed the Government’s commitment not to tinker with the ability of self-managed superannuation funds to access limited recourse b...

Policy & Regulation

Bank levy gone from bad tax to secret tax

The ABA has expressed angst over the Government’s move to force the major banks’ senior executives to sign confidentiality agreements before releasing the legislation....

Policy & Regulation

No changes to 'stapled' structures in Budget

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

Life/Risk

Government cracks down on foreign real estate owners

Federal Treasurer Scott Morrison has ordered the sale of more than $100 million of illegally acquired Australian real estate owned by foreign nationals....

Superannuation

Morrison canvasses investment rule changes

Federal Treasurer, Scott Morrison is canvassing key Corporations Act changes to facilitate ‘social impact’ investing....

Policy & Regulation

Treasurer to meet with world counterparts on fintech promotion

Treasurer Scott Morrison was set to meet with counterparts in the UK and Germany to promote Australian fintech and developments in digitisation....

Policy & Regulation

Govt concession for foreign off-the-plan buyers

The Government has announced it would allow foreign buyers to purchase an off-the-plan dwelling when another foreign investor pulled out on the purchase....

Outsider

ASIC smoking with a Hallelujah moment

Outsider has some good news for financial planners and others regulated by ASIC — Peter Kell has admitted madly wasting money and resources....

Superannuation

Super changes welcomed

Scrapping the $500,000 lifetime cap is a step in the right direction, but there is still more work to be done for super, the financial services industry believes....

Superannuation

First draft legislation omits thorny super issues

The most controversial changes to super proposed in the Federal Budget such as the $500k lifetime limit have not been mentioned in the first tranche of draft legislation,...

Features

When year-end tax strategies rely on a federal election

Decisions regarding tax this financial year have a lot to do with the upcoming federal election and possible legislative changes. Jassmyn Goh finds out how advisers can b...

Editorial

Kicking the super can down the road

The Federal Government has lost sight of the long-run Budget benefit of encouraging retirement incomes self-sufficiency by lowering the concessional super contribution ca...