This Month
Banks ‘at risk’ from superannuation cyberattacks
In a briefing to the government, APRA says cyberattacks on super funds will increase, and future shocks to the $4.1 trillion sector could spill over to the banks.
Retail investors are laughing all the way to the (Commonwealth) bank
Many self-managed superannuation funds hold CBA shares directly and have been richly rewarded by the bank’s bull run. But what to do next?
June
$3m super tax won’t kill aspiration: assistant treasurer
Assistant treasurer Daniel Mulino has also left the door open to further changes to Australia’s $4.2 trillion superannuation system.
Chalmers urges Bessent to reconsider ‘revenge tax’ on super funds
The proposal would allow the Trump administration to raise taxes on countries deemed to levy discriminatory taxes against American firms.
Super funds spending without any clear benefit for members: APRA
The nation’s biggest superannuation providers have “suboptimal” expense policies that risk undermining the best financial interests of millions.
Chalmers’ super tax will send productivity backwards
Taxing unrealised gains in superannuation will not deliver the Hawke-Keating style reform that is desperately needed.
Big super says APRA’s director crackdown will lead to lazy boards
The industry group representing some of the biggest retirement funds has told the regulator it is worried the proposal is “essentially a de facto veto power”.
Super tax breaks are greatly exaggerated
Treasury claims more than $50 billion in revenue is being forfeited for super tax breaks every year. This is misleading.
Super funds are not a piggy bank for Labor’s pet projects
Chalmers’ vow to put to bed “needless brawls” on super is contradicted by his attempts to wager Australian’s retirement savings to prop up nation-building policies.
Don’t let rich old men tell you the planned super tax is good
Once the government opens the door to taxing unrealised gains, there’s little stopping it from extending this logic to other areas.
Three reasons why you should ‘chill out’ over Labor’s super tax
The super tax on unrealised gains is part of the long-overdue and necessary process of tax reform that many have been urging over decades.
‘I was the only non-billionaire in the room’
Aware Super’s Deanne Stewart, a leading voice for a sector using its increasing political, social and investment clout, on why she wants to be a force for good, and what it was like meeting King Charles.
Jim Chalmers is wrong. The economy is not turning a corner
Labor’s super tax does little to fundamentally improve a badly unbalanced tax system that only grows more unfair, unwieldy and unproductive.
Labor’s $3m super tax to hit more people than Greens’ alternative
The less punitive Greens policy is fuelling calls for the government to index its controversial super tax to spare more workers being slugged.
May
Labor’s super tax is reasonable if done properly. Here’s why
The proposed tax changes could make Australia’s superannuation system fairer – if unintended consequences are avoided.
Why Chalmers’ super tax isn’t real reform
Labor’s proposal to increase tax on super balances over $3 million will treat symptoms instead of the disease. Here are 6 proposals for an optimal tax agenda.
Let’s just relax and pass the fair and affordable super tax
Even if you have to pay the tax, your comfortable retirement is safe, and you are still getting the benefit of tax concessions.
Your kids will love this strategy for beating the $3m super tax
Wealthy Australians are already searching for strategies to avoid paying more tax on their super, which could lead to a financial windfall for some.
Labor’s super tax will make Australia uninvestable
The net result is that superannuation funds, especially SMSFs, will not invest in startups, a sector vital to Australia’s productivity and growth.
Super tax to hit more workers over time, Labor concedes
Assistant Treasurer Daniel Mulino says he doesn’t think the 10 per cent of all taxpayers, or 1.2 million people, who would be affected to be a significant number.