Industry funds find a way to lure SMSFs

The Hostplus pooled investment product allows SMSFs to invest directly with the union-linked fund as they might in any other investment fund.The Australian, August 19, 2019 Self-managed super funds might never be the same again. One of the biggest experiments in the area — the launch of an SMSF “co-investing” product by industry fund Hostplus — is showing early signs …

Red Tape: Small businesses no longer need to jump through hoops

The West Australian, 17 August 2019 Canning River Cafe owner Lee Green, right, with City of Canning Mayor Paul Ng, Small Business Development Corporation small business commissioner David Eaton and City of Canning chief executive officer Arthur Kyron.Picture: The West Australian Small businesses in a southern Perth suburb will no longer need to jump through hoops to obtain permits, with …

The (new) future of financial advice

By Annelise Nielsen The Deal, The Australian, August 16, 2019 I was interviewing an obstetrician for a story about the drop in the number of parents consenting to vitamin K shots for their newborn babies. This routine shot helps blood to clot and prevents an extremely rare but devastating disorder that can see babies bleeding out of their eyeballs. The obstetrician …

IPA supports war on ‘strangling’ red tape

The Australian, August 14, 2019 Ahead of a crackdown on red tape, analysis has revealed that government regulation of the economy has risen to an unprecedented level. The first comprehensive assessment of federal laws and regulations has found the number of restrictions increased almost 50-fold since 1975, the last year of the Whitlam government, according to the Institute of Public …

“WorkChoices 2.0”: Furor as Coalition backbenchers call for SME unfair dismissal exemption

SmartCompany, August 13, 2019 Tony Burke and Christian Porter. Source: AAP/Lukas Coch. The federal opposition has accused the Morrison government of trying to “resurrect” WorkChoices as a political fight brews over the future of Australia’s workplace laws. Opposition Industrial Relations Spokesperson Tony Burke has called on Prime Minister Scott Morrison to rule out changes which would “make it easier for …

Whistleblower Richard Boyle a hero in the fight for fairer tax

Richard Boyle outside a court in Adelaide on July 30. Picture: AAPThe Australian, August 13, 2019, Robert Gottliebsen This is a sad week for all those who are looking to restore confidence that our tax collectors will treat ordinary people fairly and end one of the great threats to our system of taxation – that taxpayers will stop voluntarily complying …

WA Planning Minister Rita Saffioti’s six-point action plan to smash red tape in WA

The West Australian, Monday, 12 August 2019 Planning Minister Rita Saffioti will on Tuesday outline her vision to unshackle the economic potential of stagnating empty buildings across WA.Picture: Simon Santi / The West Australian The prohibitive time and costs associated with planning applications for new business ventures will be slashed in a bid to breathe fresh life into town centres …

Tax office whistleblower launches crowdfunding campaign to help face off possible 161-year prison sentence

SmartCompany, August 12, 2019 Richard Boyle and his fiance Louise Beatson. Source: AAP/SamWudke. Richard Boyle, a tax office whistleblower facing a possible 161-year jail sentence for shining a light on ATO debt collection activities, has today launched a crowdfunding campaign to cover his legal costs. The former public servant is charged with 66 offences, including alleged disclosure of confidential information, …