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Showing 141 - 150 of 2044 results for "Legislation"

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... public sector workers who have super accounts with GESB. While the implementation date is yet to be confirmed, the new legislation enables existing GESB members to continue to direct their superannuation payments to the fund if they leave the public ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... next federal election, in which case, the Division 296 Bill is dead, as the Coalition have stated they oppose such legislation," Ali said. Although it passed the lower house in October, the bill has lacked support in the Senate. "The government does ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation is "to preserve savings ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... consultations with Treasury, this has evolved to the term "new class of advisers" before an official name is cemented in legislation. The FAAA is pushing for the words 'planner' or 'adviser' to not appear in the title. "We have high standards. We don't ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... for future tax reform." Neo Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the taxation on some super members. "The Division 296 super tax is hugely unpopular, not simply because it increases ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... to pay an SG charge. In September, the government outlined further details it plans to include in the payday super legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. This includes increasing ...

Chalmers teases superannuation update

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... superannuation. "Our government will continue to pursue its legislative agenda in the Senate, I will be hoping to introduce new legislation, for example the production tax credits as part of our Future Made in Australia agenda next week if I can," Chalmers ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... Superannuation Guarantee contributions, which equates to about $368 million in total super contributions a year. Under current legislation, workers under the age of 18 are denied compulsory Superannuation Guarantee payments unless they work more than ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... super funds have common issues in two categories: system errors and non-compliance with Protecting Your Super (PYS) legislation. In one example, a fund's system error resulted in a consumer loss due to a trade in which the system was not able to recognise ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... Chairman's Lounge memberships and whether they believe it's appropriate to maintain them. Appearing before the Economics Legislation Committee today, chair Joe Longo - who appeared alongside deputy chair Sarah Court, commissioners Alan Kirkland and Simone ...