Government says art can remain in self-managed super
Posted
The Federal Government says it will continue to allow art to be part of self-managed superannuation funds despite a review that proposed it be excluded.
The Cooper review into superannuation recommended self-managed funds be banned from investing in art and that all funds sell their art collections within the next 10 years.
Some Northern Territory artists were worried the proposed changes would affect their livelihoods.
The Government says collectables like artworks can be legitimate assets, providing investment opportunities for self-managed retirees as well as benefits to artists.
But it has acknowledged concerns about such assets attracting concessional tax treatment while being available for personal benefit.
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76 needed to form government
State of the Parties
76 seats required for victory
|
92.5% counted.
Updated Tue Sep 7 09:45AM
|
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| Party | % Vote | Swing | Won | Predict | ||
|---|---|---|---|---|---|---|
| Labor | 38.0 | -5.4 | 72 | |||
| Coalition | 43.7 | +1.5 | 73 | |||
| Greens | 11.7 | +3.9 | 1 | |||
| Others | 6.6 | -0.1 | 4 | |||
Changing Seats
|
92.5% counted.
Last updated Tue Sep 7 09:45AM
|
|||||||
| Time | Count % | Electorate | Held By | Margin | 2PP % | Swing | Predict |
|---|---|---|---|---|---|---|---|
| 17:22 | 94.7 | La Trobe | L/NP | 0.5 | 50.9 | 1.4% to ALP | ALP GAIN |
| 19:09 | 92.8 | McEwen | L/NP | 0.0 | 55.2 | 5.2% to ALP | ALP GAIN |
| 11:22 | 89.6 | Solomon | ALP | 0.2 | 51.9 | 2.1% to CLP | CLP GAIN |
| 18:54 | 88.5 | Melbourne | ALP | 4.7 | 55.7 | 10.5% to GRN | GRN GAIN |
| 17:37 | 94.3 | Denison | ALP | 15.3 | 51.2 | 16.5% from ALP | IND GAIN |
| 18:08 | 92.0 | Bennelong | ALP | 1.4 | 53.4 | 4.8% to LIB | LIB GAIN |
| 14:52 | 94.6 | Gilmore * | ALP | 0.4 | 55.3 | 5.7% to LIB | LIB WIN |
| 12:22 | 93.1 | Hasluck | ALP | 0.8 | 50.6 | 1.4% to LIB | LIB GAIN |
| 15:23 | 92.1 | Macarthur * | ALP | 0.5 | 53.1 | 3.6% to LIB | LIB WIN |
| 18:08 | 94.8 | Macquarie | ALP | 0.3 | 51.2 | 1.5% to LIB | LIB GAIN |
| 19:25 | 91.4 | Swan * | ALP | 0.3 | 52.6 | 2.9% to LIB | LIB WIN |
| 07:51 | 91.7 | Bonner | ALP | 4.5 | 52.6 | 7.1% to LNP | LNP GAIN |
| 17:21 | 89.8 | Brisbane | ALP | 4.6 | 51.0 | 5.6% to LNP | LNP GAIN |
| 14:07 | 93.1 | Dawson | ALP | 2.6 | 52.4 | 5.0% to LNP | LNP GAIN |
| 13:22 | 94.6 | Dickson * | ALP | 0.8 | 55.1 | 5.9% to LNP | LNP WIN |
| 12:07 | 92.0 | Flynn | ALP | 2.2 | 53.6 | 5.9% to LNP | LNP GAIN |
| 15:08 | 91.6 | Forde | ALP | 3.4 | 51.6 | 5.0% to LNP | LNP GAIN |
| 17:07 | 92.6 | Herbert * | ALP | 0.0 | 52.1 | 2.1% to LNP | LNP WIN |
| 14:37 | 91.1 | Leichhardt | ALP | 4.1 | 54.6 | 8.6% to LNP | LNP GAIN |
| 14:07 | 93.5 | Longman | ALP | 1.9 | 51.9 | 3.8% to LNP | LNP GAIN |
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