Labor’s franking credit policy wasn’t significant vote changer, by itself

Labor’s pre-election policy of stopping most refunds of excess franking credits wasn’t a significant changer of votes by itself, but did contribute to the election loss, a review of Labor’s election campaign has found. The ALP has released its Review of Labor’s 2019 Federal Election Campaign. It finds that “Labor… Read More »Labor’s franking credit policy wasn’t significant vote changer, by itself

ASIC takes action against three SMSF auditors

ASIC has taken action against three SMSF auditors, disqualifying two and imposing additional conditions on one. ASIC announced that it has disqualified two people from being registered SMSF auditors. Darryl Iseppi, of Queensland, was disqualified for “significant auditor independence breaches and deficiencies in auditing the acquisition of shares, borrowings, valuation… Read More »ASIC takes action against three SMSF auditors

Vital signs. Our compulsory super system is broken. We ought to axe it, or completely reform it

Written by Richard Holden, UNSW. The just-announced inquiry into Australia’s retirement income system ought to be anything but run-of-the-mill. Taking place 25 years after the introduction of compulsory superannuation, it provides an opportunity to either fix a broken system, or discard it as failed experiment. Incremental reform won’t work. There’s… Read More »Vital signs. Our compulsory super system is broken. We ought to axe it, or completely reform it

Postcode by postcode: a clever way to include homes in the age pension assets test

Written by Anthony Asher, UNSW. Here’s the boldest idea the government’s inquiry into retirement incomes should consider but might not: no longer exempting all of the value of each retiree’s home from the pension assets test. The test would merely exempt part of the value of retirees’ homes. The change… Read More »Postcode by postcode: a clever way to include homes in the age pension assets test