Daily Archives: May 4, 2021

Business backs Frydenberg’s ‘Sensible’ proxy advice measures – Proxy advisers associated with Super Funds squealing about the need to be independent

The Treasurer recently announced (see related TT article) consultation on measures to make proxy advisers more accountable for their advice and super funds more accountable for how they exercise that advice (at company shareholders meetings). There has been a war of words between the Companies, the subject of that advice and the advisors complaining about…

Proxy advisers and super funds to be more accountable for advice given and resulting voting decisions – Government proposals and Consultation Paper released

On 30 April 2021, the Treasurer announced that Treasury would consult on the Governments proposals to increase ‘transparency and accountability’ in the way proxy advisers give advice to super funds about how superannuation funds exercise their proxy votes. It is also directed to Super Funds, to make public their voting record against the advice received,…

Tax Month – May 2021

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – May 2021 Edition – ‘Tax Developments’ for tax practitioners by a tax practitioner.   Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ COMPILING…

National Charities and Not-for-Profits – a round up of challenges and reforms

Charities and Not-for-Profits (NFPs) face a number of challenges, including the overhand of 2020 (increased demand and reduced fund raising activities. Measures which could assist them, in a regulatory sense, would be reductions in ‘red-tape’ including: abolishing the ‘public fund’ requirements for DGRs; integrating the charities and non-charity NFP registers; harmonising state and federal exemptions…