On 12 December 2018, the Australian Prudential Regulation Authority (APRA) released a package of new and enhanced prudential requirements designed to strengthen the focus of registrable superannuation entity (RSE) licensees on the delivery of quality outcomes for their members. A central component of APRA’s new framework is the introduction of an outcomes assessment that will…
Proposed changes to the monster that is Division 7 – An article from Pointon Partners Taxation Articles – Authors: Anthony Pointon, Laszlo Konya, Robert Gordon – 6 December 2018. Key News Summary – Pointon Partners have produced this expansive but pithy summary of the development of the deemed dividend rules, in Division 7A of Part III of…
Key News Summary – Treasury has issued a consultation paper aimed at establishing simple and standardised disclosure of the key features of various types of retirement income products, to match retirees’ needs, together with a ‘retirement income risk measure’ paper, issued by the Government Actuary (which is to feed into the standard disclosure product). Comments…