Media Releases
Media Release: FSC welcomes Government commitment to modernise foreign investment framework
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.
Media Release: FSC supports new consultative direction on superannuation tax changes
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).
Media Release: FSC welcomes introduction of Payday Superannuation Bill
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.
Media Release: FSC developing best practice principles for superannuation platform investment governance
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.
Media Release: FSC to lead industry best practice on private credit transparency and governance
The Financial Services Council (FSC) welcomes the findings in ASIC’s interim report on private credit in Australia, which highlights both the important role private capital plays in financing innovation and growth, and the need to strengthen industry practices.
Media Release: Two new directors appointed to FSC Board
The Financial Services Council (FSC) is pleased to announce the appointments of two senior industry leaders, Scott Hartley, Chief Executive Officer of Insignia Financial, and Daniel Shrimski, Managing Director of Vanguard Australia, as directors to the FSC Board.