Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 179 results for "super guarantee"

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... Pension expenditure would likely be funded by higher taxes. In light of this, the ISA argued that the promised super guarantee increase must proceed as legislated, so as to help rebuild workers' retirement balances. ISA chief executive Bernie Dean said ...

Labor says yes, economists say no to SG rise

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
... Ministers Kevin Rudd and Paul Keating have slammed the possibility the Liberal party may ditch the planned rise to the super guarantee as economists warn against it going ahead. Speaking at a socially distanced press conference, Rudd in Brisbane and ...

Female access to ERS to widen gender super gap

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... AIST and Women in Super have made a number of recommendations including maintaining the legislated timetable for super guarantee to increase to 12%, payment of super on government paid parental leave and the removal of the $450 monthly threshold before ...

AIST calls for top-ups for low-income ERS recipients

ANNABELLE DICKSON, KANIKA SOOD  |  MONDAY, 24 AUG 2020
... recommended the superannuation co-contribution rate and threshold be increased, the removal of the $450 minimum super guarantee threshold and super on paid parental leave. Without these recommendations put in place, there is a risk of a wider super gap ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... value relative to community living standards," ISA said. "It claims all workers continuously receiving the full super guarantee in every year of their working life, despite research showing almost one in three eligible workers are being underpaid their ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... retribution. "Super is a form of deferred wages and every bit as important to be paid, and paid in full," she said. "The super guarantee amnesty allows employers a one-off opportunity to come forward, pay or put a plan in place to pay, and set things ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... couple of years and believes while that wage growth remains subdued it will not be appropriate to increase the super guarantee. Cbus group executive brand, advocacy, marketing and product Robbie Campo acknowledged the current environment is tough, but ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... on the critical matters that will make our world-leading system even stronger." On early release of super and super guarantee, it noted: "When we add in Early Release Schemes [extended yesterday, at a budget cost of further $2.2 billion], it does suggest ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... economic recovery ahead. In particular, industry fund chief executives pushed for the now legislated increase to the super guarantee (SG) to continue full steam ahead, despite pressure from a coalition of backbenchers to freeze or dump the increase in ...

ISA responds to calls for SG freeze

JAMIE WILLIAMSON  |  MONDAY, 22 JUN 2020
Industry Super Australia has labeled a band of MPs "out of touch", after they called for increases to the super guarantee to be put on ice or scrapped completely. Backbench coalition MPs have called for the legislated increase to the SG to be scrapped ...