The Government has used the Budget to confirm it will not be proceeding with its proposed move to extend early release superannuation to victims of family and domestic violence.
The Budget papers revealed that the decision to not proceed with the measure meant an estimated decrease in receipts of $110 million over the forward estimates and a decrease in payments by $27 million because Australian Taxation Office funding to implement the measure was no longer required.
“Overall, this measure is estimated to decrease the underlying cash balance by $83 million over the forward estimates period,” it said
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.