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

Search Results

Showing 111 - 120 of 218 results for %22Fair Work Commission%22

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... and branch examination of Australia's financial system, making 44 recommendations to increase efficiency, resilience and fair treatment of the financial system. In its response, the government has agreed with virtually all of those recommendations - ...

Government must not mandate products for super members: AIST

DARREN SNYDER  |  WEDNESDAY, 2 SEP 2015
... much to celebrate about the growth of the super savings pool and strong investment returns over the past few years, "it is fair to say we are at a time when investment teams are facing some strong headwinds." "From our briefings with many of the ASI ...

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 ...

Industry reacts to ASIC register update

ALEX BURKE  |  TUESDAY, 2 JUN 2015
... falling-out with the boss for personality reasons, and then it ends up being a black mark against their name?' That might not be fair. I think I'd like to see it limited to just providing the information in terms of education, qualifications and approvals ...

Super rules for women still unclear

DARREN SNYDER  |  MONDAY, 25 MAY 2015
A federal parliament bill aiming to clear uncertainty around employers paying female staff more superannuation does not have support from the current government, Fairfax Media reports. In 2014 the Association of Superannuation Funds of Australia (ASFA) ...

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 ...