What is industry funding? Industry funding was a key recommendation from the 2014 Murray Financial System Inquiry. Developed through a high level of engagement from various industry sectors and government consultation, the new industry funding legislation was passed on 15 June 2017, finalised on 27 June 2017, and took effect on 1 July of the…

In 2017, the Australian Securities and Investments Commission (ASIC) detailed legal changes in funding arrangements. Although these changes were phased in to minimise confusion, some companies may find they experience errors when claiming personal super contribution deductions. One time of year where these errors are most likely to occur is during the rush to file…

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