Simplifying super plan: Govt’s final decisions on transitional concessions

In a surprise announcement [5.9.2006], the Treasurer and Assistant Treasurer confirmed that the Government will proceed with its superannuation simplification proposals, which include the removal of end benefits tax for those over age 60 from 1 July 2007 and the abolition of RBLs and age-based contribution limits. The Government also announced its ‘final decisions’ on…

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ASIC concerned over misleading use of past performance information in ads

ASIC has cautioned investment funds against the misleading use of past performance information in advertising and promotional aterial. Today’s warning follows concerns by ASIC that an advertisement for an investment product offered by BT Financial Group (BT) included past performance information which was potentially misleading. The advertisement’s headline asked the rhetorical question: ‘Past performance isn’t…

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