Dec 2, 2024 · Neo Super head of SMSF technical services Nicholas Ali told Financial Standard that the election result will influence the outcome. "There is every chance the Labor government will either lose the next federal election, in which case, the Division 296 Bill is dead, as the Coalition have stated they oppose such legislation," Ali said.

Jan 10, 2025 · Vanguard expects Australia's Gross Domestic Product (GDP) will gradually recover and increase by 2% in 2025 after experiencing its slowest growth rate in 32 years during 2024. Vanguard said this improvement will come despite the overhang of sticky inflation and elevated interest rates. Additionally ...

Jones instigates CSLR review, levy hits $70m KARREN VERGARA As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme.

Dec 10, 2024 · Super Members Council (SMC) has set out its key policy priorities in 2025 to further strengthen the superannuation system. The advocacy group, which represents over 11 million people, has called for no changes to the superannuation system's fundamental principles - preservation, universality, and compulsion - and cautioned that any policy proposals undermining these will undermine Australians ...

Dec 5, 2024 · AMP chief economist Shane Oliver has shared his "worry list" for 2025, outlining the risk of recession, trade wars and geopolitical turmoil. Oliver said just as with 2024, the list of concerns for investors heading into 2025 is long, and "even more threatening" given the uncertainty surrounding a Trump presidency and his potential policies.

Oct 10, 2024 · The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down.

The Financial Standard Chief Economists Forum is a premier event where leading Chief Economists and Strategists share their market outlook for the year ahead. The Forum is an industry calendar highlight that attracts an audience of over 700 financial services professionals in Sydney and Melbourne.

Jan 22, 2025 · GSFM investment specialist Stephen Miller is predicting the RBA will deliver an interest rate cut in February. If it does occur, it will be the RBA's first rate cut since November 2020, and the first change in the official cash rate since November 2023. Miller said the prediction is supported by ...

Jan 15, 2025 · Despite a turbulent 2024, the prospect of more accommodating monetary and regulatory policies has turbocharged an up and to the right trend that's flattered many asset managers' businesses. However, themes that will shape the industry now, and in the years ahead, are emerging, according to Oliver Wyman.

Dec 17, 2024 · Perpetual said it was extremely disappointed and disagrees with the commissioner's views. "Based on strong advice from relevant tax experts, including senior counsel, and following extensive board testing and consideration, Perpetual continues to be of the view that the provisions should not apply," Perpetual said.