TAXATION

Policy & Regulation

The Inland Revenue Department (IRD) is auditing several life companies as its review of the life insurance taxation regime steps up a gear....

Financial planning

Grant Abbott Consultants is no more....

Policy & Regulation

Australians overwhelmingly support compulsory superannuation, but are furious at they way it is taxed and confused at how the system works, according to ASFA re-search....

Financial planning

Three agricultural investment schemes and a feature movie proposal, totalling almost $2 million in investments, have been stopped by the ASIC in the last four weeks....

Financial planning

Fund managers and financial planners are not servicing high net worth clients ef-fectively and fail to meet their needs according to a Melbourne planner and portfo-lio ma...

Policy & Regulation

When it comes to business tax reform most of the headlines have been about capital gains tax (CGT) reform, accelerated depreciation and the lower corporate tax proposal....

Financial planning

In a recent superannuation surcharge ruling, the commissioner of taxation opened a Pandora’s box when he talked of using reserves in a self managed superannuation fund (S...

Funds management

Friendly society funeral, education and income bonds have been granted a short reprieve from being taxed, and the industry is continuing to fight for tax-exemption....

Financial planning

Most Australian women will have to rely on aged pensions when they retire because their superannuation fund balances are inadequate, according to a university study....

Funds management

Friendly societies and funeral directors have joined forces to try and overturn the Treasury ruling taxing funeral and education bonds....

Policy & Regulation

From time to time, the trust deed of a superannuation fund or other trust may be amended. In some circumstances, the changes to the trust deed may result in a new trust b...

People & Products

Rod Smith is to take over from inaugural Financial Services Complaints Resolu-tion Scheme (FSCRS) council chairperson Moira Rayner as the FSCRS moves to ex-pand membershi...

Financial planning

Financial planners will need to revisit their business plans, following the re-lease of the government's response to the Ralph report recommendations....

Financial planning

In mid August, the Treasurer released a consultative paper on the application of the GST to financial services. Funds managers, life and general insurers, trustees of sup...

Life/Risk

Financial services groups are reeling under the strain of a massive upheaval of their businesses once the implications of the GST and the upcoming Ralph Report hit home. ...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

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A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

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