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Super funds take ATO to court over franking credit denials
Industry fund HESTA has filed an appeal against an ATO decision on tax offsets from franking credits, with the Australian Retirement Trust set to file a similar claim soon.
HESTA urges stronger corporate focus amid fossil fuel backlash
The industry fund has called on ASX 300 companies to strengthen priorities around resilience, climate, and gender, while itself facing criticism over fossil fuels.
AUTHOR
Staff Writer
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7 trustee-directed products fail superannuation performance test
The latest superannuation performance test results have shown improvements, but four in 10 trustee-directed products continue to exhibit “significant investment underperformance”, warns APRA.
Spike in CPI reduces expectations for November rate cut
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
AUTHOR
Adrian Suljanovic
ASIC’s lawsuit against Equity Trustees a warning for other trustees
The corporate regulator has launched civil proceedings against Equity Trustees over its inclusion of the Shield Master Fund on super platforms it hosted, but other trustees could also be in the firing line.
AUTHOR
Keith Ford
Coalition slams government’s plans to revise performance test
The shadow minister for financial services says reworking the superannuation performance test to allow investment in house and clean energy risks turning super into a ‘slush fund’ for government.
Super assets hit $4.3tn over June quarter
Australia’s superannuation sector has expanded strongly over the June quarter, with assets, contributions, and benefit payments all recording notable increases.
AUTHOR
Adrian Suljanovic
Payday super delays threaten women’s retirement savings, SMC warns
The Super Members Council (SMC) has called on the government to urgently legislate payday super, warning that delays will further undermine the retirement savings of Australian women.
AUTHOR
Adrian Suljanovic
Peak body says performance test must evolve with system
ASFA has highlighted that regulation should not be “set and forget” and calls for a modernised test to meet future needs.
AUTHOR
Adrian Suljanovic
AMP Super explores use of crypto ETF investments
The super fund is open to the idea of using crypto ETFs to invest in the asset class, but says there are important compliance checks to tick off first.
