Unions, government headed for super showdown
Industry superannuation funds will exhaust the supply of skilled directors affiliated with their union and company backers.
Industry superannuation funds will exhaust the supply of skilled directors affiliated with their union and company backers.
ASIC investigators pretending to be investors will be used to pursue property spruikers and identify shonky practices in a planned probe into self managed super funds, according to deputy chairman Peter Kell.
The property industry says hiking CGT on property would push investment into other assets, reduce supply and ultimately push house prices up.
The proportion of first-home buyers relying on help from their parents to enter the property market has more than doubled since the 1970s.
About 25 self-managed super funds a month are hitting more than $10 million worth of assets, the Tax Office has revealed.
Welcome to The AFR reporting season blog for the first half. ■ Telstra ■ Origin Energy ■ Mirvac Group ■ Magellan Financial ■ South32
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