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Showing 11 - 20 of 30 results for "Super Bill"

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... introduced in 2019 in relation to the provision of life insurance through superannuation, including the Protecting your Super Bill and Putting Members' Interests First Bill, was to remove around 30% of members from insurance policies, and in doing so ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund. Slater ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... will lose $30 million when it transfers 370,000 low-balance super accounts to the ATO. Part of the Protecting Your Super Bill includes banning exit fees, and capping administration and investment fees to 3% of account balances with less than $6000. In ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... Commission and Productivity Commission's recommendations, while in Canberra the Senate pored over the Protecting Your Super Bill from last year's budget. The Senate last evening passed legislation to give the Australian Taxation Office (ATO) the power ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
... all workers had access to insurance and other products through super they would support the ALP amendments to the My Super bill currently before the parliament."

Xenophon team introduce unpaid super Bill

KARREN VERGARA  |  MONDAY, 11 SEP 2017
A Bill that's aligning super guarantee payments to the wage cycle, abolishing the monthly $450 threshold, and granting the Fair Work Ombudsman greater power to recoup unpaid super has been introduced in Parliament. Rebekha Sharkie, federal member for ...

Governance Institute pulls support for super bill

LAURA MILLAN  |  THURSDAY, 15 OCT 2015
The Governance Institute has pulled its initial support for the government's bill on superannuation fund boards and is now calling for it to be scrapped. "The process has become overly politicised to the detriment of genuine governance outcomes," a ...

Trustee liability issues surface at PJC

BEN COLLINS  |  THURSDAY, 24 JAN 2013
Industry representatives have challenged a part of the Federal Government's final MySuper Bill likely to leave superannuation fund trustees at risk of contentious litigation. Advocates of several industry representative bodies spoke before a Parliamentary ...

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
Superannuation reforms could leave individual trustees open to litigation, causing a group of representative bodies to write to the Federal Government to voice their concerns. In a joint submission, the Australian Institute of Superannuation Trustees ...