From www.holdingredlich.com: Recent High Court rulings in Australia have shifted the legal framework for employee classification from a multifactorial test to a focus on contractual terms, affecting superannuation obligations.… read more
From www.theguardian.com: Experts argue that the criticism of Labor’s proposal to impose a 15% tax on earnings from superannuation balances over $3 million is excessive and risks hindering necessary reforms for a more equitable system.… read more
From financialstandard.com.au: Debate over the $3 million super tax is overshadowing the critical challenges faced by low-income earners, especially regarding the Low-Income Super Tax Offset (LISTO) which lacks necessary updates.… read more
From thenewdaily.com.au: Social media claims misrepresent the Albanese government’s proposal, suggesting all unrealised gains will be taxed, while it only targets superannuation balances over $3 million.… read more
From australiainstitute.org.au: Government changes to superannuation tax concessions have been exaggerated, affecting only the wealthiest.
Most Australians will not amass over $3 million in superannuation, making fears largely unfounded.… read more
From www.khq.com.au: APRA published benchmark representative administration fees for the Your Future, Your Super performance test, detailing fees for the period ending March 2025.
ASIC outlined its focus for the 2025-26 financial reports, emphasising the measurement and disclosure of investment portfolios as well as marketing expenses.… read more
From www.accountantsdaily.com.au: A recent case highlighted the heightened expectations of trustee conduct for self-managed superannuation fund SMSF members, culminating in the disqualification of a director who made 117 illegal withdrawals from the fund.… read more
From financialnewswire.com.au: APRA has confirmed that separately managed accounts can be categorized as Trustee Directed Products and will be included in the superannuation performance test under the Your Future Your Super policy.… read more
From www.smsfadviser.com: The recent Federal Court decision in the Merchant case emphasizes that SMSF advisers must be vigilant, as transactions that seem ordinary can still face ATO scrutiny if additional facts warrant concern.… read more
From financialstandard.com.au: ASFA and EY have released guidance to help superannuation trustees comply with CPS 230, effective from July 1, 2025.
The guidance emphasises the importance of operational risk management and assurance from third-party service providers.… read more
From www.accountantsdaily.com.au: The Institute of Public Accountants warns that the introduction of Division 296 tax will increase administration and audit costs for super funds, especially those holding illiquid assets or defined benefit funds.… read more
From retirementessentials.com.au: Older Australians can continue working while receiving the Age Pension, with the Work Bonus allowing them to earn up to $300 per fortnight without affecting their pension payments.… read more
From www.smsfadviser.com: Treasurer Jim Chalmers stated that the government is not considering changes to the limited recourse borrowing arrangements for SMSFs, despite pressure from the Greens to ban them.… read more
From www.ifa.com.au: Labor’s insistence on including unrealised capital gains in the $3 million super tax is facing criticism, with critics arguing that it could lead to substantial funds being withdrawn from the superannuation system.… read more