In this episode, multiple financial events in Australia are discussed. A major superannuation fraud case finds a woman guilty of defrauding over $200K from 24 victims by fooling the system to release their funds early. In the property market, potential stamp duty reductions are considered due to an unexpected $2.1B financial gain from property sales. This could help first-time buyers and middle-income families. Superannuation firms TelstraSuper and Equip Super discuss potential merger in respond to increased regulation and market competition; the partnership could manage around $60B in assets and serve over 225K members. Lastly, a millennial trend towards self-managed super funds for property investment meets increased scrutiny from both legislation and APRA-regulated funds, who are presenting competitive solutions for retirement.
