Treasury (101 items)

Jane Hume carries financial chalice

Two junior ministers will share responsibility for financial services in Scott Morrison’s new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume will be assistant minister for superannuation and financial services. read more

Carney competes for fintech spotlight

There is "a growing pipeline of firms" - make that fintechs - clamouring for access on level terms with banks to the central bank's most vital, and real-time, payments processing. At least in England, or so BOE governor Mark Carney told a London fintech fiesta last night. read more

Higher, wider bank taxes in sight

A hefty rise or even a widening in the levy on banks’ liabilities may yet be a hot chance for next week’s budget. And definitely following any change in government in May.Josh Frydenberg is under pressure to match the (mostly unannounced) decisions of the Australian Labor opposition to drastically increase bank taxes to support their own spending pledges at the May election. read more

SMSF borrowing reprieved

The SMSF leverage data is worrying, worse than when David Murray reported.The policy decision – LRBA stays within SMSFs – is one motivated by the worry over the credit slowdown. Josh Frydenberg is the author of this decision, one the treasurer made in defiance of advice from the Council of Financial Regulators to ban this practice.This may not last, with Labor still promising to police the misuse of super as a wealth management play thing and adhere to the FSI’s five-year old advice. read more

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