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ASX at 3-month low; travel, energy hit as tech rises – afr.com

ASX is headed for its lowest close since June; Credit Suisse says scrapping super guarantee not material to fund managers.



Credit Suisse’s has run the numbers over on the increases to the Super Guarantee Charge (SGC) and concluded that the change is not significant to the outlook for fund managers and platform operators if scrapped.
The federal government has signalled it is considering repealing the legislated increases of the SGC.
The laws as they stand will see the rate rise from 9.5 per cent to 12 per cent in FY26, when Credit Suisse estimates additional funds of $18 billion per annum were expected to enter t…

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