First home super saver and downsizer legislation passed

In a pre-Christmas boost for savers the First Home Super Saver Scheme legislation was finalised by parliament on Thursday [7 December 2017]. Leading superannuation expert Dixon Advisory has welcomed the passing of the legislation, which will help first home buyers to build a home deposit through the super system. “Property prices remain high in many […]

Australian fintech industry welcomes anti-money laundering moves

Australian fintech industry welcomes passage of anti-money laundering legislation for digital currencies Australia is set to further grow its world-leading blockchain and digital currency industry following the Australian Parliament’s approval of anti-money laundering legislation last night, according to Australian fintech leaders. The Australian Senate passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital […]
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Turnbull Government and dispute resolution

The Turnbull Government has announced that Treasury will review the current rules governing early release of superannuation on grounds of severe financial hardship and compassionate grounds. It will also review whether, and the circumstances in which, superannuation assets should be available to pay compensation or restitution to victims of crime. The Minister for Revenue and […]
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Appointment of ASIC chair

I am pleased to announce that the Government intends to recommend to the Governor-General in Council that Mr James Shipton be appointed as the full-time Chair to the Australian Securities and Investments Commission (ASIC) for a five-year period from 1 February 2018.

Equities: Spotting Trends

  By Matthew J. Arnold, CFA, Head of Strategy & Research – APAC, SPDR ETFs State Street Global Advisers Following US President Donald Trump’s election in November last year, investors rotated out of fixed income and into asset classes that tend to do well during periods of economic expansion, such as the shares of cyclically oriented companies. The prevailing […]
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Property investors prefer to purchase older dwellings

A majority of property investors prefer to purchase older dwellings rather than new builds or off the plan properties, new data has revealed. Mortgage Choice’s annual Investor Survey found 76.9% of Australians intend to buy or have bought an existing dwelling, compared to 23.1% who bought a new build. “Our data shows an increasing proportion […]
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FSC questions need for royal commission

Inquiries into the financial services sector have cost the industry more than $3 billion since the global financial crisis, Sally Loane, chief executive officer of the FSC, told industry executives at a lunch in Melbourne organised by public relations firm Pritchitt Partners yesterday. “Currently there is the Parliamentary Joint Committee Inquiry into Life Insurance, a […]