The government must prioritise tightening superannuation tax breaks and lowering the Division 296 tax threshold to $2 million, the Grattan Institute has urged, warning that current settings are unsustainable.
Draft legislation that will require super to be paid at the same time as wages has been released for consultation.
With just over a week until the government unveils its pre-election budget, Deloitte Access Economics has projected an underlying cash deficit of $26.1 billion for 2024–25.
The median growth super option has fallen around 3 per cent since late January amid market volatility resulting from Donald Trump’s unpredictable policy moves, but the industry remains confident in long-term performance.
The research house has confirmed a new ratings offering dedicated to lifetime products, which it expects to see an increase in releases in coming years.
Following an extensive due diligence process, CareSuper is poised to become a $57 billion fund by the year’s end.
The Australian Prudential Regulation Authority (APRA) has modified the additional licence conditions imposed on the trustee.
AFCA’s chief executive urged member firms to up their internal dispute resolution processes in order to cut down on costs owed to the authority.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
ASFA’s CEO called Joe Longo’s comments on super “unfounded and unfair”, after the ASIC chair said fund trustees don’t always “know their business”.