February
How to plan for retirement as a business owner
Business owners need to think about retirement well in advance so they can navigate the tax implications of selling a business.
Treasury boss rejects ‘politicisation’ attack by Coalition
In a fiery estimates hearing, Steven Kennedy rejected claims his department has been politicised by Jim Chalmers and filled with former Labor advisers.
Banned Sydney tax agent back in business on the Gold Coast
Controversial accountant Filomena Kyriacou has emerged at the helm of a Gold Coast accounting firm.
Australian super moves to secure tighter ties to US investments
Australia’s $2.8 trillion superannuation sector wants to capitalise on a need for reliable capital to put into major US infrastructure projects.
‘Punishing’ tax system breaks budget law, ‘mugs’ the young: Henry
The former Treasury secretary has blasted Jim Chalmers and past treasurers for breaking the budget laws by failing to manage financial risks from an eroding tax system.
Big super shouldn’t control our retirement
Meaningful change to the retirement income system should ensure that consumers have competitive and tailored retirement products and services to choose
Cbus must heed its last warning, or risk a crisis
APRA’s concerns have echoes of scandals in the banking sector, the casino industry and at PwC. The fund must act to fix its risk and operational weaknesses.
Wayne Swan, Cbus still won’t answer the question
The Labor powerbroker and Cbus chairman and Liberal Senator Andrew Bragg seem at odds on what constitutes an answer to a question on notice.
Albanese’s super tax will hurt young Aussies the most
The proposed superannuation tax hike is set to be one of the largest intergenerational tax changes in recent memory.
Super sector lies at heart of ASIC’s public v private debate
ASIC’s upcoming report into the shifts in public and private markets in Australia reflects the structural changes super is driving across the economy and markets.
First, do no harm to the tax system at the 2025 election
Large corporates would take a promise to do nothing over ‘somethings’ that have translated into complex and productivity-sapping changes to an already uncompetitive corporate tax system.
Relax, here’s why you don’t need that much super
While surveys show fear of retirement is the top source of stress for workers, retirees themselves are among the most financially secure cohorts in the country.
January
Warning to big super: fix customer service, or we’ll see you in court
Labor’s plan to force superannuation funds to meet minimum standards will add fuel to regulators Margaret Cole and Simone Constant’s 2025 ambitions.
Super has turned into ‘massive inheritance scheme’: Grattan Institute
The leading think tank has called for the federal government to create a lifetime annuity to ensure retirees receive an income for life.
Big super to keep pushing companies on climate
New climate disclosure laws mean even retail super funds will engage with companies on climate this year. Poor workplace safety and governance is also a concern.
Super admits its size is a risk but says ‘what is the alternative?’
The managers of Australia’s $4.1 trillion retirement savings pool say they are best placed to invest in banks and private lending despite warnings from the RBA and IMF.
Where big super investors are hunting for returns in 2025
The investment bosses of the $4.1 trillion sector say US stocks will keep driving returns, but standout sharemarket performances will likely temper.
December 2024
‘Excellent return’: How much your super is expected to grow this year
Soaring equities at home and abroad are pushing returns firmly into the double digits as 2024 draws to a close, research houses say.
ATO warnings will send shivers down the spines of private companies
The ATO has released its first two taxpayer alerts for the 2024 calendar year. Each a warning to private groups.
Super’s $500b unlisted asset problem isn’t going away
APRA has found another area where near enough just isn’t good enough for Australia’s large and systemically important super sector.
Super boards, executives failing on unlisted asset valuations
The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.
Cbus says $387,000 birthday party was in members’ interests
The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests
Best people available should govern super, not captain picks
The debate we need is not around the equal representation board model, but how we ensure that we have the most skilled directors and management around the table