Media Releases
MEDIA RELEASE: DISTRIBUTIONAL ANALYSIS OF AN UNINDEXED $3 MILLION SUPERANNUATION BALANCE CAP
New analysis of ATO data from the Financial Services Council (FSC) today shows over 500,000 current taxpayers will be adversely impacted by the Government’s proposed 30 per cent tax rate on balances above $3 million.
Media Statement: Government tax changes to superannuation
The Financial Services Council (FSC) notes the certainty of today’s Government announcement to tax superannuation balances over $3 million but warns there are still important details to be resolved.
Media Release: Shared objective for superannuation one step closer
The Financial Services Council (FSC) welcomes the Federal Government prioritising public consultation on a proposed definition of the objective for the superannuation system.
Media Release: Advice review final report provides the blueprint to meet consumers' advice needs
The Quality of Advice Review’s final report released today by the Government lays a strong foundation to ensure many more Australians get the financial advice they need.
Media Release: Australians want superannuation to be about their retirement
The Financial Services Council (FSC) has today released consumer research which found strong support for legislating an objective for superannuation, providing it focuses on delivering retirement income for all Australians.
Media Release: Release of FSC Standard on claims handling for superannuation funds
The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation.