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The New Daily was started by AustralianSuper, Cbus and Industry Super Holdings in 2013. [1] [2] The venture was deemed controversial due to its ownership by non-profit superannuation funds (which are legally obliged to spend money in their members' best interests) regarding both the publication's commercial nature and its editorial independence.
The Australian Institute of Superannuation Trustees (AIST) is a national not-for-profit organisation and is the principal advocate and peak representative body for the $1.2 trillion profit-to-member superannuation sector. AIST plays a key role in policy development and is a leading provider of research.
Ultimately, superannuation is a system of mandatory saving coupled with tax concessions. As of 30 March 2022 [update] , Australians have AU$3.5 trillion invested as superannuation assets, making Australia as a nation the 4th largest holder of pension fund assets in the world. [ 5 ]
Superannuation funds can claim a capital gains tax discount where the asset has been owned for at least 12 months. The discount applicable to superannuation funds is 33%, reducing the effective tax rate on capital gains from 15% to 10%. [8] No discount or adjustment is available if an asset is sold at a loss.
Irrespective of the path, the aim of policymakers should be to: create alternative policies that target the same issue as the original subsidies but better; develop subsidy removal strategies allowing market-discipline to return; introduce "sunset" provisions that require remaining subsidies to be re-justified periodically; and make perverse ...
Wetzel wraps the show with news of Red Lobster announcing financial troubles due to an over consumption of shrimp by its customers. 0:44 UNC causes commotion at ACC Meetings. 32:55 The Pac-2 on the CW
Reported by the joint conference committee on August 12, 1974; agreed to by the House on August 20, 1974 and by the Senate on August 22, 1974 Signed into ...
The upcoming UMC General Conference, which runs April 23 to May 3, is entering uncharted territory as the denomination deliberates potential solutions to its current conflicts.