Luke

AFCA to be able to accept financial complaints dating back to 2008

Treasurer Josh Frydenberg has announced that the remit of the Australian Financial Complaints Authority (AFCA) will be expanded to consider some financial complaints dating back as far as 1 January 2008. This would provide “expanded access to redress for consumers and small businesses harmed by financial misconduct,” Frydenberg said. The… Read More »AFCA to be able to accept financial complaints dating back to 2008

Labor’s non-refundable franking credit policy unfairly targets SMSFs

Labor’s policy to stop most refunds of excess franking credits unfairly targets SMSFs, the SMSF Association has told an inquiry into franking credits. The House of Representatives Standing Committee on Economics has been conducting an inquiry into refundable franking credits – effectively an inquiry into the opposition’s policy to stop… Read More »Labor’s non-refundable franking credit policy unfairly targets SMSFs

Largest LIC asks for shareholder views on Labor franking credit policy

Four companies ASX-listed companies have written to their shareholders to ask for their views on Labor’s franking credit policy. One of these companies is Australian Foundation Investment Company Limited (AFIC), which is Australia’s largest Listed Investment Company and has a market cap of over $7 billion. “You may be aware… Read More »Largest LIC asks for shareholder views on Labor franking credit policy

Australia Institute runs full page ad in support of franking credit policy

The Australia Institute has bought a full page advert, and started a petition, in support of Labor’s policy to stop most refunds of excess franking credits. The ad ran over the weekend in The Saturday Paper: The Australia Institute calculates that the money raised from stopping refunds of franking credits… Read More »Australia Institute runs full page ad in support of franking credit policy

ATO to clear up SMSF ‘Registered – status not determined’ confusion

SMSFs will go from ‘Registered – status not determined’ to ‘complying’ on Super Fund Lookup quicker in a change announced by the ATO. Super Fund Lookup can be used to check the complying status of SMSFs, including for contributions or rollovers. Currently a new SMSF is shown as ‘Registered –… Read More »ATO to clear up SMSF ‘Registered – status not determined’ confusion