![Super funds do not want default products to be chosen on the basis of fees.](/content/dam/images/g/s/b/z/h/a/image.related.afrIndexLead.160x106.gsi4ye.png/1478420885899.jpg)
Super industry baulks at fee-based auction
The superannuation industry will resist using a fee-based auction system to decide which super funds will gain a share of billions of dollars worth of default contributions each year.
Joanna Mather writes about tax, superannuation and federal politics from our Canberra bureau.
The superannuation industry will resist using a fee-based auction system to decide which super funds will gain a share of billions of dollars worth of default contributions each year.
People accessing disability employment services (DES) would be able to 'spend' their support money with a provider of thier choice under government plans to overhaul the $800 million system.
The mining industry has evoked the memory of campaigns against Labor's mining and carbon taxes in a bid to kill off support for a $5-a-tonne levy on BHP and Rio Tinto in WA.
States welcome federal government payments to increase housing supply but argue Canberra must also look at curbing CGT exemptions and negative gearing.
The housing problem is being driven by young people enjoying "Master Chef" lifestyles and baby boomers keeping homes far too big for them.
A million dollar property in Canberra now carries an annual rates bill of $3000, up from $2200 a couple of years ago.
The big four banks will be involved in a review of lending practices by small business ombudsman Kate Carnell.
APRA has declared success in slowing loans to investors, thereby taking some of the heat out of the housing market.
The government could run into Constitutional trouble with its new bank victims tribunal, consumer protection groups have warned.
The head of the corporate regulator has used a parliamentary appearance to challenge the main defence put forward by the big banks for not p...
A lowering of regulatory hurdles to encourage fledgling banks to challenge the dominance of the big four is among the recommendations a par...
If Kelly O'Dwyer has her way, parents counselling their kids on career choices will some day mention financial planning in the same breath a...
Mortgage brokers and non-bank lenders doubt mortgage tracker loans will boost competition as the costs would be unattractive to borrowers.
Life insurers will be forced to disclose rejection rates, as some decline 40pc of claims, as part of a crackdown on the industry.
A proposed law change linking super to "comfort" in retirement sounds good but it opens the way to political interference, David Murray says...
Nearly a third of all life insurance policies will not be subject to the industry's first code of conduct.
Life insurance companies will be less able to wriggle out of claims based on out-of-date medical definitions under the industry's first code...
State treasurers have boasted about their healthy budgets before complaining that the federal government doesn't give them enough money.
A tribunal is a bad idea and would probably end up being a legalistic, adversarial dispenser of "pretty rough justice", legal experts say.
Westpac CEO Brian Hartzer has warned against so-called tracker mortgages, which he said posed a major risk for banks in bad economic times.
More
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in