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Showing 41 - 50 of 423 results for "Superannuation Guarantee"

Labor MP savages government's superannuation record

ANDREW MCKEAN  |  THURSDAY, 28 APR 2022
... pandemic." Jones went on to give an ironclad commitment to ensure that the legislated increase to the superannuation guarantee goes ahead as scheduled, rising to 12% by 2025. Moreover, he promised to ensure a payment of universal superannuation which ...

Active Super enhances parental leave policy

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
Employees of Active Super will now receive superannuation guarantee payments for up to 12 months while on parental leave, with the super fund also extending its paid entitlements. In an effort to help bridge the gender super gap, the industry fund will ...

Wayne Swan joins AIST board

CHLOE WALKER  |  FRIDAY, 22 APR 2022
... chair of the Caucus Economics Committee in 1993 he participated in the development and legislating of the Superannuation Guarantee (SG) and, as treasurer from 2007 to 2013, he legislated the increase in the SG from 9% to 12%. "In her current role Sarah ...

Super baby bonus could end inequality

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... and eliminated for a woman earning $60,000 or less by introducing two simple measures; the first being Superannuation Guarantee on paid parental leave, and the second being a Super Baby Bonus of $5000 for each child a woman gives birth to or adopts. ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
In a long-awaited move, the government has scrapped the $450 superannuation guarantee threshold, making about 300,000 people eligible for super contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... payable upon the birth or adoption of a child. The $5000 figure would be equivalent to the amount in superannuation guarantee contributions a person on a $60,000 salary would receive, ASFA said, adding that such a measure could benefit up to 300,000 ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Minister for superannuation Jane Hume has said the federal government remains committed to raising the superannuation guarantee to the legislated 12%. Hume made the commitment while speaking at an Industry Super Australia (ISA) event with shadow minister ...

Supply chain issues push up retiree expenses

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... ensure they can have dignity, health, vitality and connection in retirement. Moving Australia to the 12% Superannuation Guarantee (SG) setting is an important step towards ensuring future generations can be confident to meet the financial challenges ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... years, the unpaid super debt has climbed to $28.8 billion. It's as a result of many employers only paying superannuation guarantee contributions on a quarterly basis, regardless of what it says on an employees' payslip. A key recommendation from ISA ...

One in four Aussies have no super account

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... The demographic of Australians without a super account could be attributed to the introduction of the superannuation guarantee in 1992. Many of those without a super account are older and may not have had compulsory super in their working lives. For ...