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

Search Results

Showing 131 - 140 of 424 results for "Superannuation Guarantee"

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
... need to be addressed, including introducing some income requirements at retirement and increasing the Superannuation Guarantee from 9.5% to 12% as currently legislated. The report's author, Mercer's David Knox, noted the flexibility afforded to Australians ...

Women overlooked by retirement income review

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... working reality of women and not the traditional male experience. Arguments in favour of freezing the Superannuation Guarantee at the current rate were a case in point, according to Scheerlinck, adding that the argument was based on modelling which assumes ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... Australia, welcomed the government's decision to maximise the system's efficiency before the superannuation guarantee was increased to 12% as legislated. "We welcome the opportunity to work with the government to maximise the efficiency of the ...

SG increase will not help women: Treasury

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Forty percent of single women are estimated to retire in poverty, but Treasury think increasing the superannuation guarantee won't do much for women's lower superannuation balances. February documents released by the Treasury under freedom of information ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
Grattan's report arguing Aussies retire with enough and government should scrap increasing the superannuation guarantee to 12% was "broadly consistent" with Treasury's own modelling, staff emails show. In November, Grattan said most workers ...

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
... coalition, including the Prime Minister and Treasurer, prevaricating on whether the scheduled increase in the superannuation guarantee to 12% will go ahead. "They suggest that workers should be able to choose between higher wages and superannuation. ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
... transaction level. Importantly for super, the ATO can now check what was reported as owed by the employer as a superannuation guarantee contribution has actually been paid into the super fund of an employee. O'Halloran said the ATO will start to proactively ...

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
... banks and insurers richer than ever". A dozen backbench Coalition MPs have called for a freeze in the superannuation guarantee, which is scheduled to rise from 9.5% to 12% by 2025.

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... superannuation "to support the lifestyle Australians want and deserve in retirement". He supports moving the superannuation guarantee to 12% for those who are not yet retired. According to ASFA data, the most significant price increases in the June quarter ...

Survey backs SG increases

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Respondents in Financial Standard 's latest spot poll have welcomed the pending increases to the Superannuation Guarantee beyond 9.5%. The majority (79%) of respondents support the legislated incremental increases to the SG starting from 1 July 2021 ...