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14 August 2020 • By Sarah Simpkins • 1 min read

ATO initiates phase two of early super audit 

The Tax Office has said it has commenced its second pilot seeking to hunt out individuals rorting the early super release scheme. The ATO ...

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Funds weren't consulted on early super extension

Treasury has revealed it did not float the three-month early release extension past the superannuation sector before it made the call.  Speaking to ...

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ASIC fears Mayfair director will flee country

In what Mayfair 101 has described as a ‘massive overreach’, ASIC has apparently requested that the Federal Court freeze Mayfair's assets and bar ...

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2% return makes super system worthwhile

New research from PwC has put paid to the idea that tax concessions around super are a waste of government spending, indicating that just a 2 per cent ...

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‘There is no free lunch’: Lowe

RBA governor Philip Lowe has nixed calls for direct financing of government spending and called on states to do more in a wide-ranging appearance ...

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AMP Capital, HSBC welcome BHP climate lobbying reforms

AMP Capital and HSBC are among a group backing new changes made by mining giant BHP, as a result of investor engagements targeting its lobbying power

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Super increase will hit wage growth: Lowe

RBA Governor Philip Lowe has warned that the legislated super increase will hit wage growth, but that Australians need to weigh the trade-off between ...

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NAB comes out swinging

NAB reported stronger-than-expected results for the third quarter, but turnaround king Ross McEwan still has his work cut out for him. NAB reported ...

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NAB takes COVID hit

NAB’s third-quarter earnings fell 7 per cent as COVID-19 bit into its bottom line. NAB reported unaudited cash earnings of $1.55 billion in the ...

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Parliamentary committee to probe RBA monetary policy

Liberal MP Tim Wilson has tipped a parliamentary committee will be quizzing RBA governor Philip Lowe on the central bank’s COVID response and its ...

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