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MIL-OSI Australia: Coalition putting super members first

By   /  April 5, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Banking, Banking and Finance, CTF, DJF, English, KB, MIL OSI, Open Source Intel, Pacific Region, superannuation, Treasury  /  Comments Off on MIL-OSI Australia: Coalition putting super members first

Source: Australian Treasurer The Morrison Government has passed through the Parliament a comprehensive package of legislation that will further improve outcomes for superannuation members and enhance the powers of the prudential regulator. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2019 also implements two recommendations of the Royal […]

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MIL-OSI Australia: Coalition to scope superannuation consumer advocate options

By   /  April 2, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Budget, CTF, DJF, English, KB, MIL OSI, Open Source Intel, Pacific Region, Resource Exploitation, Resource Exploration, superannuation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Coalition to scope superannuation consumer advocate options

Source: Australian Treasurer The Morrison Government is continuing to put superannuation members first, today announcing our intention to establish a superannuation consumer advocate and calling for expressions of interest. The complex and compulsory nature of superannuation means we need an independent consumer body with specialist knowledge. The advocate will be an important voice in providing […]

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MIL-OSI Australia: Super boost: more flexibility for retirement

By   /  April 1, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Budget, CTF, DJF, English, KB, MIL OSI, Open Source Intel, Pacific Region, superannuation, Treasury  /  Comments Off on MIL-OSI Australia: Super boost: more flexibility for retirement

Source: Australian Treasurer The Morrison Government is taking action to help Australians boost their retirement savings by giving them greater flexibility as they near their retirement years. From July 1 2020, Australians aged 65 and 66 will be able to make voluntary superannuation contributions, both concessional and non-concessional, without meeting the Work Test. Currently, they […]

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MIL-OSI Australia: Address to the Financial Services Council Life Insurance Conference

By   /  March 21, 2019  /  24-7, Aid, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Banking, Banking and Finance, Budget, Business, Commerce, commissions of inquiry, CTF, Culture, DJF, Economy, Employment, English, Finance, Health, Insurance, Investment, KB, Media Intelligence, MIL OSI, Open Source Intel, Pacific Region, Resource Exploitation, Resource Exploration, superannuation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Address to the Financial Services Council Life Insurance Conference

Source: Australian Treasurer Thank you for that introduction, it’s great to be here. With the Royal Commission into Misconduct of the Banking, Superannuation and Financial Service Industry handing down its final report, and the Morrison Government providing our response, it’s a pivotal year for your industry and open discussions at events like this are crucial. […]

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MIL-OSI Australia: Government continues to improve superannuation

By   /  March 4, 2019  /  24-7, Aid, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, CTF, DJF, English, KB, MIL OSI, NATO, Open Source Intel, Pacific Region, superannuation, Taxation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Government continues to improve superannuation

Source: Australian Treasurer I have released for consultation exposure draft legislation and regulations for six measures that address important issues affecting retirees announced in October last year. It is proposed that superannuation legislation be amended to: Correct the way that market-linked pensions are valued under the transfer balance when they are commuted or rolled over, […]

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MIL-OSI Australia: Taking Action on Banking, Superannuation & Financial Services Royal Commission

By   /  February 22, 2019  /  24-7, Aid, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Banks, CTF, DJF, English, KB, MIL OSI, Open Source Intel, Pacific Region, superannuation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Taking Action on Banking, Superannuation & Financial Services Royal Commission

Source: Australian Treasurer The Coalition Government has released exposure draft legislation to ban grandfathering of conflicted remuneration paid to financial advisers. Conflicted remuneration is where the payment of a benefit to a financial adviser may incentivise them to recommend to a consumer a financial product that may not be in their best interests. Grandfathered conflicted […]

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MIL-OSI Australia: Address to the Self-Managed Super Fund Association National Conference, Melbourne Convention and Exhibition Centre

By   /  February 22, 2019  /  24-7, Aid, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Banking, Banking and Finance, Budget, Business, Commerce, CTF, DJF, Economics, Economy, English, KB, MIL OSI, Open Source Intel, Pacific Region, superannuation, Taxation, Technology, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Address to the Self-Managed Super Fund Association National Conference, Melbourne Convention and Exhibition Centre

Source: Australian Treasurer Good morning, it’s great to be with you. As at September 2018, Australia’s superannuation system had over 15 million members and around $2.8 trillion in assets under management. This equates to 147 per cent of GDP. Today, I’m going to give an overview of the Self-Managed Superannuation Fund (SMSF) sector, outline the […]

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MIL-OSI Australia: Protecting members from unnecessary insurance in superannuation

By   /  February 20, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, CTF, DJF, English, KB, Legislation, MIL OSI, Open Source Intel, Pacific Region, superannuation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Protecting members from unnecessary insurance in superannuation

Source: Australian Treasurer The Coalition Government will introduce legislation into the Parliament today to protect Australians from paying premiums for insurance they don’t want, need or even know they have. The Treasury Laws Amendment (Putting Members’ Interests First) Bill 2019 will require insurance in superannuation for under 25 year olds and members with low balance […]

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MIL-OSI Australia: Labor’s loss is super members’ gain

By   /  February 15, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Budget, CTF, DJF, English, KB, Legislation, MIL OSI, Open Source Intel, Pacific Region, superannuation, Taxation, Treasury  /  Comments Off on MIL-OSI Australia: Labor’s loss is super members’ gain

Source: Australian Treasurer Three million Australians are a step closer to being reunited with around $6 billion worth of superannuation, thanks to legislation passed in the Senate by the Coalition Government. The legislation passed, despite the Labor Party’s attempts to put the interests of superannuation funds ahead of superannuation members. The Government successfully passed the […]

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MIL-OSI Australia: Coalition helping craft brewers and enhancing superannuation system

By   /  February 14, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Australian Federal Government, Australian Treasurer, Budget, Business, Commerce, CTF, DJF, Economy, English, Exports, Imports, Investment, KB, Legislation, MIL OSI, Open Source Intel, Pacific Region, superannuation, Sydney, Taxation, Trade, Treasury  /  Comments Off on MIL-OSI Australia: Coalition helping craft brewers and enhancing superannuation system

Source: Australian Treasurer The Morrison Government is giving more support to craft brewers, increasing flexibility for self-managed superannuation funds and extending the tax exempt status of the Global Infrastructure Hub. These changes are included in two Bills introduced today: Treasury Laws Amendment (2019 Measures No. 1) Bill 2019 and the Excise Tariff Amendment (Supporting Craft […]

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