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Showing 31 - 40 of 73 results for "Fair Work Commission"

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
... banks to ban all sales incentives relating to superannuation. It also wants the Federal Government to restart Fair Work Commission processes to build a merit based safety net of default funds for Australians that rely on their employer's choice of fund. ...

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... product providers or employers with conflicted interests. "Default fund selection - overseen by the independent Fair Work Commission - has worked exceptionally well to protect the interests of an estimated two thirds of working Australians and optimise ...

Productivity Commission should focus on Choice underperformance: AIST

ALEX BURKE  |  FRIDAY, 19 FEB 2016
... term of government, the Government needs to address the current hiatus on default fund selection and let the Fair Work Commission get on with the work it has been tasked to do by Parliament. The more this process is stalled, the more uncertainty there ...

Bowen draws red line on default fund choice

LAURA MILLAN  |  WEDNESDAY, 21 OCT 2015
... Shadow Treasurer Chris Bowen said during an interview on ABC 7.30. He defended the current system in which the Fair Work Commission determines the default superannuation funds for each industry: "It is in the best interest of members and there can't ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... superannuation market to competition will require consideration of an alternative to the current, poorly-conceived Fair Work Commission process for the selection of default funds in modern awards." He added that the government was committed to increasing ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... the fund chosen for them regardless of whether or not they are a member of a trade union," Loane said. "The Fair Work Commission selection process prevents access by some of the cheapest MySuper default funds to the market. Allowing all MySuper products ...

ISA urges government to keep super safety net

ALEX BURKE  |  FRIDAY, 24 APR 2015
... to place them in a high performing fund. These funds are selected in a merit-based process overseen by the Fair Work Commission," said ISA chief executive David Whiteley. "The FWC process puts competitive pressure on the super industry to deliver strong ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... best-delivered by funds that "return all profits to members," he emphasised the continuing importance of the Fair Work Commission's super "safety net". "The banks oppose the super safety net and are lobbying the government to scrap it so they can increase ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... through three gates: "firstly, to be approved by APRA, secondly to be accepted for default listing by the [Fair Work Commission] FWC Expert Panel, and thirdly to be chosen from the list by the FWC Full Bench." This process, Loane argued, had the effect ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... Employers are also restricted from choosing a MySuper default fund. Although APRA approves MySuper products, the Fair Work Commission duplicates and undermines this role by selecting a limited number of compulsory default funds for employers using Modern ...