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

Search Results

Showing 211 - 220 of 468 results for "Superannuation Guarantee"

Women in Super ramps up "Make Super Fair" campaign

MICHELLE BALTAZAR  |  WEDNESDAY, 5 DEC 2018
... income earners, to better support those with inadequate retirement savings No further delay to scheduled superannuation guarantee (SG) increases* Pay SG on the government paid parental scheme* Remove the $450 monthly income threshold on SG contributions* ...

We must do better: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
... in terms of adequacy and sustainability, Easson said ASFA will recommence advocacy for increasing the superannuation guarantee to 12%. In doing so, Easson hit back at the Grattan Institute's recent claims that an increase is unnecessary. "We need ...

Unpaid super penalties too light: ISA

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... regulator saying it routinely waives all employer penalties for the late payment of super under Part 7 of the Superannuation Guarantee Administration Act. Industry Super Australia said this concession came after data was presented to the Senate committee ...

AI Group pushes back against super gender gap reforms

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
The Australian Industry Group (AI Group) believes Labor's proposal to remove the $450 superannuation guarantee threshold will add more to employer costs than the retirement incomes of women. AI Group chief executive Innes Willox said Labor's ...

Labor commits $400m to gender super gap

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... 2020. Labor has also vowed to phase out the $450 minimum monthly income threshold for eligibility for the superannuation guarantee as it disadvantages those working part-time, casually and across multiple, low-paying jobs. This would commence on 1 July ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... doing more of the heavy lifting and providing higher retirement incomes." With the scheduled increase in superannuation guarantee to 12%, ASFA projects the rate of people relying solely or almost exclusively on the Age Pension will halve between now ...

Unpaid super reaches $6bn

DARREN SNYDER  |  MONDAY, 4 JUN 2018
... Government introduced a 12-month amnesty for employers to "wipe the slate clean" over the underpayment of the superannuation guarantee (SG). The Government's new laws could see employers face court-ordered penalties and even jail time. Linden said ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... policies, which can erode their super balances at retirement by over $50,000." Additionally the PC said Superannuation Guarantee non-compliance is hard to estimate, but could be costing members about $2.8 billion a year. It said at least 2% of all member ...

Amnesty granted to employers with unpaid SG

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
For 12 months starting today, employers with a history of underpaying the superannuation guarantee will have a chance to "wipe the slate clean" and clear any pile of unpaid super without copping late payment penalties from the Government, according ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... present, it is estimated 2.3 million Australians are working jobs that either partially pay or don't pay any superannuation guarantee. The research estimates this equates to about $10 billion in missed super. Not surprisingly, women are expected to be ...