Market Update – March 2023
Silicon Valley Bank (SVB)
Below is an update on developing news regarding the U.S. banking sector.
Superannuation Update
Proposed Tax Reform
Below is a summary of today's announcement regarding the proposed doubling of taxes on Superannuation balances above $3 million.
The proposal may have variations if legislated after the next federal election. We will address any relevant impacts with clients once (if) legislated.