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Showing 91 - 100 of 468 results for "% Superannuation Guarantee"

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
The AIST has announced the dual board appointment of the former federal treasurer and deputy prime minister alongside AustralianSuper executive Sarah Adams. Swan, the chair of Cbus, and Adams, the group executive strategy, reputation & corporate affairs ...

Super baby bonus could end inequality

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
A baby bonus paid into the superannuation accounts of women who go on parental leave combined with paying super during their time off could address the significant gap between the retirement savings of men and women. According to numbers from the Association ...

$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
The Association of Superannuation Funds of Australia (ASFA) is proposing a $5000 superannuation baby bonus be introduced, as the industry also calls for the government to prioritise the removal of the $450 threshold as parliamentary sitting resumes. ...

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
Latest analysis by Industry Super Australia shows about $5 billion in super went unpaid in the 2018-19 financial year, owed to about three million workers. On average, Australian workers lose about $1700 in superannuation each year, ISA said, amounting ...

One in four Aussies have no super account

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
A new survey conducted by Finder has revealed that one in four Australians do not have a superannuation account. Finder surveyed 1004 Australians, finding that 24% - approximately 4.6 million people - have no super account. The research found that of ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... 5%) for the year ending June 2021. Employer contributions stood at $98.5 billion (up 1.9%). Of this, superannuation guarantee contributions were $74.1 billion (up 4.3%). Member contributions were $28.5 billion (up 17.1%), of which personal contributions ...