POWERED BY MOMENTUM MEDIA
Hanson moves to amend super bill
The Government has voted against the progression of legislation to allow time for amendments by One Nation’s Pauline Hanson.
Hanson submitted amendments last night to the Treasury Laws Amendment (More Flexible Superannuation) Bill which would have seen higher concessional contributions for high income earners aged 67 and above.
She also requested an amendment that those who withdrew $20,000 through the early access to super measures last year were able to put that money back in to their super.
This morning, she was not in the Senate chamber in time to move these amendments so the Government voted against progressing the legislation to allow time for her to arrive.
The move was described as “embarrassing abuse of power” by Senator Jenny McAllister.
“Hanson has been shamed into running down into the Chamber to fiddle this amendment for her own personal gain”, said Senator Murray Watt.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
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.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
