Revealed: Labor's plan to divide super
![Labor's plan creates a two-tier SMSF system.](http://web.archive.org./web/20190309183310im_/https://www.afr.com/content/dam/images/h/1/8/3/h/6/image.related.afrIndexLeadWide.460x260.h1c0ul.gshfrb.png/1552102837490.jpg)
The most compelling argument against Labor's proposal to end franking credit refunds is that it produces different outcomes for retirees in the same financial position, depending on how they choose to invest.
The most compelling argument against Labor's proposal to end franking credit refunds is that it produces different outcomes for retirees in the same financial position, depending on how they choose to invest.
Chaos is rife in the Coalition with Tony Abbott performing another climate change backflip, Malcolm Turnbull launching a fresh attack on those who dumped him, and Barnaby Joyce signalling he is ready to roll Nationals Leader Michael McCormack on the cusp of the election campaign.
Politicians appear unconvinced the banks have suffered enough from the royal commission and are determined to look past the apologies of CEOs.
Donald Trump wants any nation hosting US troops to pay the full price of having them deployed on their soil - plus 50 per cent.
If Australia's corporate leaders are going to defeat populist moves like a living wage, they have to come to grips with the suddenly strategic issue of community trust.
There is an estimated $187 billion sitting in SMSFs with balances of $5 million-plus. Labor could force amounts over $3.2 million to be removed from super, where it is taxed lightly at 15 per cent.
The new banking ombusdman has been hit with 830 new complaints about CBA in recent months, while 1800 have been lodged against Westpac. "We'd love it to be zero," Westpac CEO Brian Hartzer told politicians in Canberra.
The influence of women has not always been acknowledged, compensated,and welcomed into the ranks of the male-dominated finance industry, say female winners of the StarMine prize.
IDP Education is up 463 per cent since its 2015 float. Lately that growth story has been more about India than China and CEO Andrew Barkla plans to ramp that up further.
Woodside boss Peter Coleman has described the EPA's requirement on carbon as "bureaucratic red tape gone mad" as uncertainty clouds the state's multibillion-dollar wave of LNG projects.
Rio CEO Jean-Sebastien Jacques says tensions between the US and China is a concern and the sooner the "colour of the smoke from Washington" is improved the better.
Westpac CEO Brian Hartzer and CBA chief Matt Comyn have faced the music in front of a standing committee on economics. See how it unfolded here.
US stocks slumped after a report showed American hiring was the weakest in more than a year.
Norway's $1.4 trillion wealth fund has been told to sell stocks in 134 companies labelled exploration and production firms.
A rare sell rating from China's largest brokerage is being seen as a sign that the government thinks the rally has gone too far.
China brought in 83.08 million tonnes of iron ore last month, the least since April, General Administration of Customs data showed.
Some economists are now saying that jobs data is a better future indicator than GDP figures.
Labor feels confident enough of a resentful mood in the electorate about inequality that it is prepared to put into defined policy and take it to voters.
Restoring trust in the purpose of business – creating products and productive jobs – will go a long way to rebuilding its political fortunes.
It is impossible to unpick the logic behind Tony Abbott's latest backflip because there is none. Other than panic.
Fundies have figured out how to legally pay huge sales commissions to brokers and advisers, which are normally considered "conflicted remuneration" and banned under FOFA laws.
Chaos is rife in the Coalition with Tony Abbott performing another climate change backflip, Malcolm Turnbull launching a fresh attack on those who dumped him, and Barnaby Joyce signalling he is ready to roll Nationals Leader Michael McCormack on the cusp of the election campaign.
A possible double-whammy of an election defeat for the Coalition combined with the loss of the Liberal Party's proverbial electoral silver would be full of foreboding for the future of the Liberal Party, writes Andrew Clark.
Alan Jones wasn't used to defiance. The most self-righteous voice on Sydney AM radio had come across an unlikely resistor: the leader of the NSW opposition.
Voting changes introduced in 2016 designed to make it harder for micro-parties to get elected to the Senate do not appear to have scared them off from running.
The Queensland Liberal National Party's decision to preference the Greens over the Labor party in South Brisbane could be expanded to cover other inner-city electorates in the forthcoming federal election.
February's jobs data provides a reality check that a long-forecast slowdown is arriving in the US.
The battle between the US and China for high-tech domination could have some very nasty consequences, warns Niall Ferguson
Justin Trudeau called a news conference to address allegations that improper pressure was put on his former justice minister to help construction firm SNC-Lavalin Group avoid a criminal trial.
Paul Manafort was convicted after prosecutors accused him of hiding from the US government millions of dollars he earned as a consultant for Ukraine's former pro-Russia government.
The rail line between Italy and France is backed by the ruling League party but fiercely opposed by its coalition partner, the 5-Star Movement, which says the money should be spent on roads and bridges.
That's roughly how much you need to be generating a $25,000 franking refund cheque every year. So is Labor's franking policy a "retiree tax" grab or the end of "welfare for the wealthy"?
A living wage might sound good but is it really suitable for Australia?
Fundies have figured out how to legally pay huge sales commissions to brokers and advisers, which are normally considered "conflicted remuneration" and banned under FOFA laws, writes Christopher Joye.
"He had a capacity to talk about the Australian people in a way that was very moving but not over-sentimental."
When people think of China, the phrases ‘economic powerhouse’ and ‘rising middle class’ are top of mind thematics. But a key trend that can’t be ignored, says author Leta Hong Fincher, is the growing feminist awakening in China.
Most Australian workers would lose their jobs if being drunk at an after-work function meant you'd get the sack, Fair Work says.
The septuagenarian physicist doesn't want to be like his hero Albert Einstein and leave his work unfinished, he tells Lunch with the AFR.
Entrepreneur Ruth Galloway puts crickets in her son's lunchbox. She wants the rest of the country to do the same.
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