Keeli Cambourne Journalist Profile

Articles

FSC projects 500k Australians to be hit with super tax without indexation - ifa

2 weeks ago | ifa.com.au | Keith Ford |Keeli Cambourne

If the government stands firm on not indexing the $3 million super tax, FSC modelling has found that around half a million Australians will be impacted by the time they reach retirement.
CPA super boss says not indexing super tax ‘contrary’ to Australian tax system - SMSF Adviser

1 month ago | smsfadviser.com | Keeli Cambourne

Not indexing the proposed $3 million super tax will allow bracket creep to erode superannuation savings and is contrary to the fundamental principles of Australia’s tax system, the head of superannuation for CPA Australia has said.
Chalmers not backing down on $3m super tax - ifa

1 month ago | ifa.com.au | Keith Ford |Keeli Cambourne

The Treasurer said the government has “made it clear” it has not changed its policy position on the $3 million superannuation tax legislation.
SMSF ‘panic selling’ a natural consequence of $3m tax - ifa

1 month ago | ifa.com.au | Keith Ford |Keeli Cambourne

Reports of SMSF members selling off assets were inevitable with a change to the taxation of superannuation as drastic as Division 296, according to the SMSF Association’s CEO, but the government continues “to bury its head in the sand”.
Super tax will haunt government: Spender | Accounting Times

1 month ago | accountingtimes.com.au | Keeli Cambourne

The proposed $3 million super tax is a “dangerous” policy for the government to pursue, teal MP Allegra Spender has said.
Liberal senator calls on Treasurer to disclose how much PM would pay under super tax - SMSF Adviser

1 month ago | smsfadviser.com | Keeli Cambourne

Liberal senator Andrew Bragg has argued that if Labor wants to “ram it through the Senate”, the Treasurer should disclose how much Prime Minister Anthony Albanese would pay under Division 296.
Unrealised capital gains tax risks gutting confidence of SMSFs, investors: expert - SMSF Adviser

2 months ago | smsfadviser.com | Keeli Cambourne

Taxing unrealised gains will change the way Australians invest, an industry executive has warned, as it would reduce the incentive to hold illiquid or high-risk assets.
'Cookie cutter’ advice lands financial firm $11m penalty

2 months ago | ifa.com.au | Maja Garaca Djurdjevic |Keeli Cambourne

DOD Bookkeeping Pty Ltd (in liquidation), previously Equiti Financial Services Pty Ltd (Equiti FS), has been penalised $11,030,000 after the Federal Court found it breached conflicted remuneration rules and its advisers provided inappropriate “cookie cutter” advice.
Greens senator doubles down on lowering super tax threshold - SMSF Adviser

2 months ago | smsfadviser.com | Keeli Cambourne

Greens senator Sarah Hanson-Young has said the party will be advocating for “a fairer share” when asked about its proposal to lower the super tax threshold from $3 million to $2 million.
Associations ramp up calls for $3m super tax to be scrapped ‘unequivocally’

2 months ago | ifa.com.au | Keeli Cambourne |Shy-ann Arkinstall

In a joint statement, the SMSFA, Council of Small Business Organisations Australia, National Farmers’ Federation and the Family Business Association said plans to tax paper gains is tantamount to “confiscation” and “punishes aspiration, destroys liquidity, and turns volatile market movements into tax bills”. “The absurdity of taxing paper gains is laid bare with the recent turmoil in investment markets.