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Also in news.moneymanagement.com.au

Budget edition: Morrison imposes levy on major banks

 
 MONEY MANAGEMENT NEWSLETTER May 09, 2017  
 
 

Breaking News

Morrison imposes levy on major banks

The Federal Government will impose a six basis point levy on the major banks but has specifically excluded superannuation and insurance businesses. For more

Govt leverages super system for home deposit scheme

The Federal Government will use super as a tax-effective conduit for people to save for a home deposit. For more

Major banks baulk at levy

The Australian Bankers Association has hit back at the Government over the imposition of a levy on the major banks saying it is counter-productive and was imposed without consultation. For more

FSC wants consultation on bank executive accountability

FSC calls for end to politicisation of financial services and to calls for a Royal Commission. For more

Budget confirms creation of Financial Complaints Authority

The Federal Budget has confirmed the creation of a single financial services EDR scheme – the Financial Complaints Authority. For more

Industry funds give cautious welcome to super measures

The industry funds have given a cautious welcome to the Budget super changes but expressed concern about ultimate purpose of super. For more
 
 
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