Stephen Jones
Exclusive
General insurance
‘Perfect storm’: Soaring insurance premiums, claim delays under microscope
Assistant Treasurer Stephen Jones is worried the increase in premiums, combined with a rise in complaints, will result in people opting out of insurance.
- by Rachel Clun
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Millions to be better off in retirement under compulsory payday super plan
The proposed update to laws that allow businesses to pay super quarterly will also make it tougher for employers not to pay the super guarantee at all.
- by Rachel Clun
‘Code for more tax’: Dutton slams treasurer’s superannuation overhaul
The opposition leader has denounced Jim Chalmers’ proposed changes and defended the Coalition policy of allowing withdrawals for illness or house deposits.
- by Rachel Clun
Million-dollar fines dumped after bankers raised ‘legitimate concerns’
Laws introducing fines for dodgy finance executives have been shelved after several bank bosses expressed their surprise and disappointment.
- by Rachel Clun
Oversight coming for booming buy now pay later industry
As the number of Australian BNPL accounts has grown beyond 7 million, the government has unveiled three options for tighter regulation of the industry.
- by Rachel Clun
Exclusive
Franking credits
Crackdown on franking credits loophole for corporates coming
Assistant Treasurer Stephen Jones will announce changes to close a loophole.
- by Rachel Clun
Plan to protect superannuation against ‘raids’ for housing, university
Financial Services Minister Stephen Jones says without a clear and shared objective for super, proposals to access it early will keep coming back “like a Mariah Carey single at Christmas”.
- by Rachel Clun
Tax crackdown will home in on cash businesses
Small businesses owed the tax office nearly $12 billion in unpaid tax - the majority of $33.4 billion owing.
- by Rachel Clun
Exclusive
Superannuation
Mega super funds could leave nation with too big to fail problem: Jones
The superannuation industry is under continuing pressure to merge small funds into large ones. But the government, and small funds, argue there is a case to be small.
- by Shane Wright