Aug 27, 2024
Despite the Federal Government claiming changes to superannuation will make the system ‘more sustainable and fairer’, closer examination of the draft legislation reveals the measures are actually inequitable and unsustainable in the long term. At a simple level, plans...
Aug 27, 2024
On the back of recent amendments to the Superannuation Industry (Supervision) Act allowing a change in financial statement signatory requirements, questions are being asked about whether audit documentation should also be subject to those changes. Specifically, some...
Aug 27, 2024
An auditing expert has taken to the ‘young-people’s medium’ – TikTok – in a bid to educate the younger generation about the Federal Government’s planned changes to Australia’s superannuation system. Naz Randeria isn’t looking to become an influencer, but rather the...
Apr 2, 2024
As we move ever closer to the proposed introduction date of the Federal Government’s changes to the superannuation system, it’s important to highlight that the Government has other options at its disposal, rather than going ahead with measures that significantly...
Feb 8, 2024
With Australia’s superannuation system based on the basic principle of putting money aside until retirement, it’s common knowledge that there are very few circumstances under which people are able to access funds early. However, for those who do successfully apply for...
Jan 21, 2019
With the introduction of the transfer balance cap (currently $1.6 million in 2017/2018), superannuation funds are only able to claim income tax exemptions on assets that are supporting income streams in the retirement phase. Since 1 July 2017, there are now two types...
