The Financial Services Council welcomes the Government’s commitment to streamline the foreign investment framework, which will reduce unnecessary red tape for trusted institutions engaging in lower risk investment activity, while focusing scrutiny for higher-risk transactions. Read more

By the FSC Team Read more

The Financial Services Council (FSC) welcomes the Treasurer’s announcements today that the Government has revised its policy proposal in relation to taxing high superannuation balances and that it will also boost the low-income superannuation tax offset (LISTO). Read more

The Financial Services Council (FSC) welcomes the introduction of the Payday Superannuation Bill to parliament today, which will ensure that Australians start earning returns on their retirement savings sooner, but also provides flexibility for employers to move to full compliance. Read more

The Financial Services Council (FSC) welcomes the Government’s recognition of the industry’s work to promote best practice investment governance and increase consumer protections in the superannuation platforms sector. Read more

Welcome to Issue 87 of the FSC Policy Update. This article outlines legislative and regulatory developments in the superannuation, investments, financial advice, tax, technology and innovation sectors, plus more. Learn about what’s impacting the financial services industry. Read more