Today
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
- Opinion
- Opinion
Labor’s ‘double taxation’ in super may not be as steep as you think
A 30 per cent tax rate is unlikely to ever apply to the entirety of annual earnings for people with balances above $3 million.
- John Wasiliev
Yesterday
MYOB’s Slate Super sale in the offing
Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2022, has turned the process over to the trustee.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Super on parental leave adds $4250 to retirement balance
The government will also spend $55.6 million over four years to establish the Building Women’s Careers program.
- Sally Patten and Joanne Tran
R&D tax incentive to blow out by $2.6b
Tax breaks for companies and superannuation payments for veterans and public servants have overshot expectations, adding billions in costs to the budget.
- Joanna Mather
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Gold
Why superannuation funds are wrong on gold
Millions of Australians could be missing out on the benefits of gold because of a conflict of interest inherent in big super.
- Chris Brycki
Greens demand $2m threshold for super wealth tax
The Greens have a new list of demands in exchange for their support on Labor’s new tax on high balance super accounts.
- Updated
- Michelle Bowes
How the $3m super tax whack might hit property investors
Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.
- Duncan Hughes
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Let first home buyers drain super for property: Senate committee
First home buyers should be able to withdraw all their retirement savings to buy a house, a Coalition-dominated Senate committee has found.
- Lucy Dean
ASIC finds super funds still charging fees for no service
Super funds are obliged to ensure members are only charged for financial advice they actually receive but not all are doing so.
- Michelle Bowes
A smarter way to tax high super balances
The government has tried to keep things simple, but in doing so fairness has gone out the window.
- Meg Heffron
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
- James Eyers
We have $700,000 in super – can we buy investment property with it?
If you want to add a geared investment property to your retirement savings, here’s what you must think about.
- John Wasiliev
615,000 customers locked out of super accounts by Google fail
The super fund has blamed Google’s cloud computing services for the prolonged outage.
- Lucy Dean
Second-largest super fund blacklists thermal coal investments
Superannuation giant Australian Retirement Trust will stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050.
- Lewis Jackson
We retired overseas but came back. What should we do with our money?
This couple may not be able to reopen their super accounts, but there are other tax-effective opportunities.
- John Wasiliev
April
I lost $2.5m of my super to scammers
Five victims outline how their funds were taken by sophisticated impersonation fraudsters and why they feel abandoned by their banks.
- Duncan Hughes
