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Budget confirms end to domestic violence early release
The Government has used the Budget to confirm it will not be proceeding with its proposed move to extend early release superannuation to victims of family and domestic violence.
The Budget papers revealed that the decision to not proceed with the measure meant an estimated decrease in receipts of $110 million over the forward estimates and a decrease in payments by $27 million because Australian Taxation Office funding to implement the measure was no longer required.
“Overall, this measure is estimated to decrease the underlying cash balance by $83 million over the forward estimates period,” it said
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With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
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Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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3y(%)pa
1
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Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
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DomaCom Shoreline North Coogee
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35.87 3 y p.a(%)
