Welcome to our latest Wealth Update – Summer 2023-24.
This edition covers the following topics:
Proposed tax on superannuation balances above $3 million
On 3 October 2023, Treasury released detailed draft legislation and explanatory materials on a proposed tax on superannuation balances exceeding $3 million. Find out when it will come into effect, how it will operate and how it may impact you.
Australian banking sector update
A strong start to FY23 but rising competition dragged on the sector as the frenzy for refinancing borrowers took hold. Find out more about our outlook for Australia’s major banks as we look to 2024 and beyond.
Reporting season update – International equities
Are we past COVID disruptions? Just how big an impact are weight loss drugs and artificial intelligence having on some of the world’s leading technology and healthcare businesses? Find out answers to these and more as we give our latest update on our international equity portfolio, which is continuing to see strong resilience and growth in a volatile global environment.