Australians with multimillion-dollar super balances will face higher taxes under the federal government's revised super tax proposal, while low-income earners will also receive a boost to their retirement savings.
For years, it's been an unwritten truth among many investors: the Australian stock market performs better under a Coalition government. But does the data back it up?
The government is delaying the implementation of the new Aged Care Act until November 1 following widespread concerns that stakeholders weren't given enough time to prepare.
Panic selling SMSF assets over concerns around the government's proposed 30% tax on super assets over $3 million is "totally unnecessary" says SMSF Alliance's David Busoli.
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