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    Policy

    Tax & Super

    This Month

    Tom Seymour and Luke Sayers were grilled at Friday’s hearings.

    PwC hasn’t paid full price for eight years of risk failure

    Exactly who deserves the most blame for the PwC scandal remains a subject of fierce debate. But it’s the systemic failures of risk management that really matter.

    • James Thomson

    July

    Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones came up with the policy on the run.

    Why the $3m super tax has turned into a mess

    It may seem hard to argue against making people with high superannuation balances pay more tax, but implementing it is a dog’s breakfast.

    • John Kehoe
    
Australian Prudential Regulatory Authority chairman John Lonsdale told the Roundtable that the prudential regulator is undertaking cross-industry stress tests.

    Big super leans into private capital

    It makes sense for regulators to peek under the hood on non-bank lending while seeking to remove obstacles to the free and efficient allocation of risk capital.

    • The AFR View
    Paul Keating (right) talks up the benefits of corporate bonds at a superannuation roundtable hosted by Anthony Pratt (left).

    Keating rebukes super funds for ‘chasing the money’

    Super funds should have been thinking about the needs of retirees long before now, says former prime minister Paul Keating.

    • Hannah Wootton
    Why is Australia doing well on income mobility relative to other countries? One big reason is tertiary education.

    The land of the fair go is taxing social mobility

    Australia’s antiquated over-reliance on income taxes means that if you do manage to succeed, then that success is taxed heavily.

    • Richard Holden
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    Actuaries call to include family homes above $2.1m in pension test

    The Actuaries Institute suggests it’s time to slay the sacred cow that is the family home.

    • Michelle Bowes
    The CFMEU scandal raises obvious questions about how the governance standards of super fund boards could be improved.

    CFMEU scandal should force rethink on super fund boards

    Union-backed industry super funds have pushed hard to lift governance and accountability at public companies. Shouldn’t they want to improve their own governance, too?

    • Updated
    • James Thomson
    Pension plea: Federal Court Chief Justice Debbie Mortimer.

    Chief justice intervenes in tax plan for judges

    Federal Court Chief Justice Debbie Mortimer has also banned judges using their travel allowance for conferences.

    • Michael Pelly
    Queensland will review its housing tax structure.

    Queensland mulls expansion of stamp duty discounts in tax shake-up

    Expanding stamp-duty concessions and overhauling land tax in Queensland will be considered as part of a new tax shake-up.

    • James Hall
    Technology stocks, and global equities more broadly, were crucial to ART’s returns, Andrew Fisher says.

    Super giant seeks tech stock ‘second wave’ after delivering 11.3pc

    Rising tech stocks helped land an 11.3 per cent return for Australian Retirement Trust superannuation members, but unlisted property was still a drag.

    • Hannah Wootton

    June

    When he’s challenged over the lack of a fair dinkum plan to fix Australia’s broken taxation system, Treasurer Jim Chalmer’s response is that Labor’s “modest but meaningful” tax changes are doing the job .

    Not so super tax reform

    The controversy over taxing unrealised superannuation gains leaves Labor’s “modest” tax agenda looking like a piecemeal approach to fixing Australia’s broken tax system.

    • The AFR View
    Suburbs such as Double Bay in Sydney’s inner east have among the highest rates of residents with more than $3 million in super.

    The areas most – and least – hit by Labor’s $3m super tax

    Australians with super balances of more than $3 million are less likely to live in rural areas, according to new analysis, despite concerns about the tax focusing on farmers.

    • Hannah Wootton
    Office tower write downs have sparked ongoing concern from APRA about super funds’ unlisted property valuations.

    Super funds fall short on unlisted asset valuations: APRA

    Super funds are not revaluing their $650 billion unlisted asset portfolios enough, potentially hitting the prices paid by customers and their returns, APRA has warned.

    • Hannah Wootton