treasury

Financial planning

Is the experience pathway overcomplicating advice?

Distinctions between “experienced” and “relevant” advice providers could lead to further confusion, according to The Advisers Association’s CEO, Neil Macdonald....

Features

Budget 2023: much-needed or a missed opportunity?

While many welcomed Treasurer Jim Chalmers’ second budget with its $14.6 billion cost-of-living plan, some industry professionals are concerned with what was left out. ...

Funds management

Budget 2023: Economic growth to slow to 1.5%

Treasurer Jim Chalmers has warned economic growth is expected to slow significantly to 1.5 per cent in 2024....

Funds management

Budget 2023: Chalmers delivers Budget speech

Treasurer Jim Chalmers has handed down his second Budget, outlining how Labor is preparing Australians for its ‘defining decade’ by helping with cost-of-living pressures....

Superannuation

How can the $3m super tax proposals be improved?

Indexing the $3 million threshold and using actual earnings to calculate tax are among suggestions from associations to the Treasury super concession consultation, descri...

Financial planning

How can advisers utilise proposed experience pathway?

The Treasury has outlined how advisers and their AFSLs can utilise the proposed experience pathway if they meet the requirements, as it opens a consultation period for fe...

Financial planning

Experience pathway proposals open for consultation

The Treasury has opened consultation on the proposed experience pathway, outlining what would deem an adviser to meet the education requirements....

Superannuation

Govt opens consultation on $3m super balance tax changes

The consultation paper on doubling the concessional tax rate for superannuation balances exceeding $3 million would take feedback from stakeholders until mid-April. ...

Policy & Regulation

Government provides $4.3m for ASIC greenwashing actions

ASIC is to receive an extra $4.3 million from the government to crack down on businesses making misleading sustainability claims as part of plans for an Australian Sustai...

Funds management

Australian banks 'well positioned' to absorb global shocks: CFR

The country's financial regulators have sought to temper fears of a crisis following the collapse of three US banks. ...

Funds management

Treasury ordered to publish ASIC probe findings

The Senate has ordered Treasury to disclose a confidential report detailing findings from a probe into alleged misconduct by ASIC's deputy chair. ...

Policy & Regulation

Franking credit reforms face Senate scrutiny

A Senate committee is set to scrutinise the Albanese government's proposed franking credit tax changes....

Financial planning

Govt launches consultation on MIS regulatory framework

The Government has announced it will launch a consultation into the regulatory framework for managed investment schemes after several high-profile failures....

Policy & Regulation

Labor rejects ‘strange’ super tax concerns

The Albanese government has sought to allay fears its proposed changes to concessional super tax changes would have unintended consequences....

Financial planning

ASIC confirms talks with Treasury on QOA Review

ASIC Commissioner Danielle Press confirmed the regulator has been in touch with Treasury on how differing ‘reasonable minds’ could agree on a common ground in Levy’s reco...