The Government has largely adopted the findings of the FSI, released during December 2014, in all but a few key recommendations.
Last week, the Treasurer released the Intergenerational Report (IGR). The IGR is a snapshot analysis, taken every five years, of how Australia is tracking now and how it will be in 40 years time.
The Financial Systems Inquiry (FSI) headed by David Murray (formerly CEO of the Commonwealth Bank and Chairman of the Future Fund) handed down its comprehensive report and recommendations.
The Minister for Social Services has released advice that it is the Department’s intention to allow grandfathering from deeming on reversionary account-based pensions for the Commonwealth Seniors He..
Legislation was introduced into Federal Parliament on Thursday 4 December 2014 that seeks to amend the treatment of excess non-concessional contributions to make it fairer.