Tue, 3rd Sep 2024

In this episode, Paige Estritori from Financial Services Online analyses key financial news in Australia on Tuesday, September 3rd, 2024. Coverage begins with the crackdown on first-home buyer benefits in NSW, seeing Revenue NSW reclaim over $9 million from non-compliant applicants. The focus shifts to AMP Limited's remarks on the recent superannuation performance tests. They call for a revised testing system and defend their offerings. Premium hikes in Western Australia have resulted in an escalated financial burden on residents, leading to calls for premium caps and increased transparency. Lastly, the Australian Taxation Office's proposed guidelines aiming to ensure superannuation payments for subcontractors are discussed, along with their implications for businesses and contractors alike. For extended coverage, visit financialservicesonline.com.au.