KPMG is concerned the Budget announcements surrounding the removal of default insurance in super for people under the age of 25, plus inactive accounts and small balances will damage the overall system for relatively little benefit.
We do not anticipate much Budget night action in the super tax area – unlike the last two years. But it is worth thinking about Treasury’s recent release on the costs to the public purse of current ‘concessions’ .
As private credit markets continue to evolve, the bypassing of the traditional bank market has revealed a range of new debt structuring options for financial sponsors, with the latest trend: unitranche debt.
Research can no longer be distributed without explicit payment and corporate access, when “provided” by a third party must be clearly and commercially priced and cannot be charged to the to the underlying investor.
The unleashing of a stronger cooperatives and mutuals sector through implementation of the Hammond Review recommendations “will provide Australian consumers with better choices and more cost effective options.”