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

Search Results

Showing 1001 - 1010 of 2351 results for "Employer"

Industry funds blame ATO for super underpayment

EMMA RAPAPORT  |  WEDNESDAY, 25 JAN 2017
Industry superannuation funds are blaming inadequate compliance measures by the Australian Taxation Office for the chronic underpayment of super contributions by employers. At a Senate inquiry in Melbourne today, Industry Super Australia (ISA) stated ...

AustralianSuper lends muscle to big employers

MICHELLE BALTAZAR  |  TUESDAY, 24 JAN 2017
AustralianSuper is starting to reap the benefits of its transition to the Link administration platform, signing on three foundation clients to its newly-launched Business Solutions arm. Under the deal, Komatsu, Clough and one other major company (undisclosed ...

CommInsure wins group insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2017
CommInsure will replace MetLife as group insurer for a multi-industry superannuation fund. It marks the first public mandate win for CommInsure since losing CareSuper, NGS Super and TWU Super in 2016. The insurer was also plagued by scandal around its ...

ASIC calls time on super disclosure exemption

ALEX BURKE  |  FRIDAY, 20 JAN 2017
In preparation for the July 1 deadline, ASIC notified Australian super fund trustees that employer subplans will no longer be exempt from disclosure requirements. Under the current arrangements, employer subplans within super funds, which allow corporates ...

Jobs and jobless rate rise

BENJAMIN ONG  |  FRIDAY, 20 JAN 2017
There's good news and bad news in the Australian Bureau of Statistics' (ABS) latest update on the country's labour market. The unemployment rate increased to 5.8% in December, the highest rate since June this year and was more than expectations for ...

Link completes AustralianSuper transition

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
More than two million AustralianSuper members have been successfully transitioned by Link Group onto its aaspire administration platform. Ahead of schedule and under budget, the transition is Link's ninth in the past 14 months and brings the total of ...

Turnbull putting industry fund governance back on the table

ALEX BURKE  |  WEDNESDAY, 14 DEC 2016
... establishment of the Registered Organisations Commission, which he said ensures that "registered organisations, unions and employer organisations will have the same levels of accountability and transparency as company directors do to their shareholders." ...

Virgin Super sees Mercer takeover

DARREN SNYDER  |  TUESDAY, 13 DEC 2016
... business, opening up a direct to consumer offering and the potential for us to service the micro, and small-to-medium employer markets." The takeover follows Mercer's recent acquisition of Pillar Administration and signifies the wealth management firm ...

Industry funds lead Labor's super inquiry

DARREN SNYDER  |  MONDAY, 5 DEC 2016
... 30 were most likely to miss out on the super guarantee, with 37% of 20 to 24-year-olds losing SG payments from their employer, compared with 23% of 50 to 54-year-olds. She said if this continued to go unchecked, lost super earnings could reach $66 billion ...

Pillar sold to Mercer

DARREN SNYDER  |  FRIDAY, 2 DEC 2016
... of the transaction was to also ensure ongoing investment in the Illawarra and protection for jobs. "Pillar is a major employer in the Illawarra - that is why the government has secured the commitment of Mercer to maintain and ideally grow Pillar's operations ...