The ALP’s policy to remove cash refunds on franking credits was according to Bill Shorten targeted at “the wealthiest 10% of SMSFsi”. As analysis of ATO data and the Treasuryii reveals, however, it is those on modest incomes who will be most affected. Of the $5.9 billion in franking credit cash refunds disbursed in 2014-15, $2.3 billion went to individuals, $2.6 billion went to SMSFS, $0.3 billion to other super funds and $0.7 billion to tax-exempt entities. In the weeks following the ALP’s announcement exemptions were extended to 230,000 individuals and 20,000 SMSFs receiving age pension benefits, and 4,600 tax-exempt entities,...

We are pleased to respond to your request for comment on the Design & Distribution Obligations Draft Legislation. 1. Practical difficulties for Issuers regarding Target Market Determinations for investment products for which there are a wide range of uses and investor types (a) Difficulties in defining a Target Market (by Class of Investor) While we recognise that there may be some investment products suitable for a narrowly defined target market, there are also many investment products that have a very wide target market. Using the example of an investment product which offers exposure to Australian shares, there would be a very large number of reasons why an investor may legitimately acquire such a product, and a large variety of investor types. These may include: (i) investors wanting to hold a long term exposure to Australian shares; (ii) investors wanting to speculate on the short term outcomes of Australian shares; (iii) investors wanting to take exposures that combine well with various other asset...

We are pleased to respond to your request for comment on the Design & Distribution Obligations Draft Legislation. 1. Practical difficulties for Issuers regarding Target Market Determinations for investment products for which there are a wide range of uses and investor types (a) Difficulties in defining a Target Market (by Class of Investor) While we recognise that there may be some investment products suitable for a narrowly defined target market, there are also many investment products that have a very wide target market. Using the example of an investment product which offers exposure to Australian shares, there would be a very large number of reasons why an investor may legitimately acquire such a product, and a large variety of investor types. These may include: (i) investors wanting to hold a long term exposure to Australian shares; (ii) investors wanting to speculate on the short term outcomes of Australian shares; (iii) investors wanting to take exposures that combine well with various other asset...

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at...

We are pleased to respond to your request for comment on the Design & Distribution Obligations Draft Legislation. 1. Practical difficulties for Issuers regarding Target Market Determinations for investment products for which there are a wide range of uses and investor types (a) Difficulties in defining a Target Market (by Class of Investor) While we recognise that there may be some investment products suitable for a narrowly defined target market, there are also many investment products that have a very wide target market. Using the example of an investment product which offers exposure to Australian shares, there would be a very large number of reasons why an investor may legitimately acquire such a product, and a large variety of investor types. These may include: (i) investors wanting to hold a long term exposure to Australian shares; (ii) investors wanting to speculate on the short term outcomes of Australian shares; (iii) investors wanting to take exposures that combine well with various other asset...

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Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at...

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at...

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