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Showing 11 - 20 of 425 results for "Superannuation Guarantee"

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
... changes also hurt super funds like Qantas Super," it said. "A great example is a recent change in how superannuation guarantee contributions are treated if new employees don't make an explicit super fund choice. The intent of the change was to reduce ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... through compliance actions in the 2022-23 financial year. During the year, the ATO completed around 14,000 superannuation guarantee (SG) audit cases, coupled with the issuance of 134,000 reminders, which collectively unearthed over $685 million in liabilities ...

Payday super a seismic change for the industry: ART

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
... the scale of potential change that will occur from 1 July 2026, when employers will be mandated to pay Superannuation Guarantee (SG) contributions alongside salary and wages payments. "We're going see about 90,000 employees move from paying us four ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... the 2023-24 Budget, the government announced that from 1 July 2026, employers will be mandated to pay Superannuation Guarantee (SG) contributions alongside salary and wages payments. The consultation paper said that aligning superannuation payments with ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... 260,000 of its members will benefit from the recent removal of the $450 monthly income threshold for Superannuation Guarantee (SG) contributions, effective July 2022. Most of the members benefiting from the policy change are existing members who've now ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... providing care at 35 years of age and continue for the subsequent 15 years, the report found that including Superannuation Guarantee (SG) contributions in the Carer Payment would increase their superannuation balance at retirement by $123,000. KPMG economic ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... a few things business owners should be thinking about. "The first is going to be the increase to the superannuation guarantee (SG)," he said. "This is not getting as much mention it as used to, but the rate of SG is continuing to increase up to 12% in ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... several successful advocacy measures implemented, including protection of the legislated increase to the superannuation guarantee and the announcement of payday super. ISA chief executive Bernie Dean commented: "It's hard to overstate the impact ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... introduction of the Your Future, Your Super (YFYS) performance measures, and the legislated move to 12% Superannuation Guarantee," it outlined. Commenting on his departure Fahy said Australia's superannuation retirement system is the envy of its OECD ...