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The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges.
Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation.
In Short - The Situation: From July 1, 2023, foreign investors in Australia will be subject to new registration requirements under Australia's foreign investment regime.
Some parents supported certain aspects of the bill relating to uniforms and guidelines for School Governing Bodies (SGBs) elections, saying it would ensure fairness.
The federal government today opened consultation to clarify the educational requirements for experienced financial advisers and new entrants.