In the May 8th, 2024 edition of the Daily Financial Services News Wrap, host Paige Estritori covers four main topics. Club Marine, an Australian marine insurer, has appointed Tim Wiles, with a background in underwriting and product development, as their new CEO. The industry is anticipating reforms in the splitting of pensions during divorce procedures with calls for government briefings before changes are implemented. The Australian Tax Office is scrutinizing home office claims and real estate deductions, encouraging precise record-keeping for work-related rebates and accuracy in rental income statements. Lastly, superannuation market giants like the Australian Retirement Trust are exiting from coal investments, reflecting a worldwide trend toward environmentally sustainable practices. For more information, visit financialservicesonline.com.au.
