Media Releases

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1 May 2023 · Media release

Media Release: FSC welcomes aligning superannuation payment 'same day' as wages

Today’s announcement by the Government to increase the frequency of superannuation guarantee payments to align with wage and salary cycles is a welcome outcome that will benefit Australian consumers.

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9 April 2023 · Media release

Media Release: Retirement policy key to sustainable superannuation system

New research released today by the Financial Services Council (FSC) shows policy reform focused on improving how Australians spend their superannuation savings would boost retirement incomes by 10 per cent each year, or by $397 billion by 2050.

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4 April 2023 · Media release

Media Release: Your Future, Your Super Review puts customers first

The Financial Services Council (FSC) welcomes the Government’s release of the wide-ranging review undertaken by the Treasury of the Your Future, Your Super (YFYS) laws and its accompanying policy response.

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9 March 2023 · Media release

FSC Media Statement on the Managed Investment Schemes Review

The Financial Services Council (FSC) welcomes the Review of the Regulatory Framework for Managed Investment Schemes (MIS Review).

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7 March 2023 · Media release

Media Release: FSC welcomes finalisation of the Compensation Scheme of Last Resort and Financial Accountability Regime

The Financial Services Council (FSC) welcomes the introduction of the Compensation Scheme of Last Resort (CSLR) and the Financial Accountability Regime (FAR) Legislation into Parliament today, reflecting the Government’s focus on finalising the remaining pieces of the Royal Commission into the Banking, Superannuation…

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2 March 2023 · Media release

MEDIA RELEASE: DISTRIBUTIONAL ANALYSIS OF AN UNINDEXED $3 MILLION SUPERANNUATION BALANCE CAP

New analysis of ATO data from the Financial Services Council (FSC) today shows over 500,000 current taxpayers will be adversely impacted by the Government’s proposed 30 per cent tax rate on balances above $3 million.

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27 February 2023 · Media release

Media Statement: Government tax changes to superannuation

The Financial Services Council (FSC) notes the certainty of today’s Government announcement to tax superannuation balances over $3 million but warns there are still important details to be resolved.

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19 February 2023 · Media release

Media Release: Shared objective for superannuation one step closer

The Financial Services Council (FSC) welcomes the Federal Government prioritising public consultation on a proposed definition of the objective for the superannuation system.

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7 February 2023 · Media release

Media Release: Advice review final report provides the blueprint to meet consumers' advice needs

The Quality of Advice Review’s final report released today by the Government lays a strong foundation to ensure many more Australians get the financial advice they need.

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24 January 2023 · Media release

Media Release: Australians want superannuation to be about their retirement

The Financial Services Council (FSC) has today released consumer research which found strong support for legislating an objective for superannuation, providing it focuses on delivering retirement income for all Australians.

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