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    Superannuation

    Today

    Atlas Arteria boss Graeme Bevans will leave the tollroad group when it finds a new CEO.

    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
    When we eventually sell the properties, how will the capital gains be calculated?

    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

    Flare co-founders James Windon, left, and Daniel Cohen.

    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

    Belinda Coniglio, pictured with her daughter Jacinta Rose, supports the super guarantee on parental paid leave.

    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
    Rebates are expected to increase by $2.6 billion over five years.

    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
    Advertisement
    UTA’s portfolio includes a stake in TransGrid, Australia’s biggest poles-and-wires company.

    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
    Australia’s major super funds have overlooked a valuable opportunity by not allocating more to 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 senator Nick McKim is pushing for extra tax on high super balances to kick in at $2 million.

    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
    The potential tax hit is alarming wealthy super savers and forcing some to rethink their strategies.

    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
    ASX CEO Helen Lofthouse told staff earlier in the year she was making some “hard decisions” to prioritise the most “strategic and efficient” outcomes for the company.

    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
    Future Group founder and chief executive Simon Sheikh.

    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
    A Senate Economics Committee interim report says borrowers should be able to access their super.

    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’s Simone Constant says super funds found evidence of fees being charged but no service delivered.

    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
    While governments find it tempting to punish people holding large balances with more tax, what we really need is to learn from the past.

    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 Peter King.

    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
    Advertisement
    A question of super.

    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
    Google’s Cloud

    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
    Over 75s may not be able to reopen super accounts, but there are other tax-effective opportunities.

    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

    AFR

    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