Michael Vrisakis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Michelle Levy’s proposed overhaul of financial advice laws could undermine the corporate regulator’s crackdown on social media finance influencers.

There’s more big names jumping ship from Australia’s biggest law firm MinterEllison. 

63 per cent of organisations paying staff with a “total package” approach will offset some of the cost of higher superannuation by reducing take-home pay.

MacroBusiness Access Subscriber Only Content at 1:00 pm on May 11, 2021 | 6 comments Herbert Smith Freehills partner Michael Vrisakis says there is nothing preventing an employer from offsetting an increase in the superannuation guarantee (SG) on 1 July by reducing take-home pay, so long as their employees’ remuneration packages are inclusive of super. He was commenting on a survey by Mercer which found that 63% of organisations which pay staff in such a way intend to offset at least part of the super guarantee increase by cutting employees’ take-home pay. From “For employees on a cont...

‘Focus on cowboys, not compliance’, new-look ASIC urged Save Share Top corporate lawyers and advisers to the financial services industry are hoping James Shipton’s replacement as ASIC chairman will bring a focus on red-tape reduction and healthy respect for business to the job. Treasurer Josh Frydenberg announced on Friday that Mr Shipton would leave the corporate regulator once a replacement is found, despite an independent report into an expenses scandal finding no wrongdoing on his part. Businesses say they are struggling under mountains of regulatory red tape.  Illustrat...