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Showing 11 - 20 of 89 results for "Unpaid super"

Government's rush to implement Payday Super is 'reckless': Coalition

MATTHEW WAI  |  WEDNESDAY, 29 OCT 2025
Although Payday Super addresses critical issues, including the $5 billion in unpaid super, the Coalition believes the government's "rushed implementation" of the bill could hurt the economy. Payday Super, which is slated to come into effect on 1 July ...

Payday super laws introduced to parliament

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... in today's dollars," Chalmers said. The Super Members Council (SMC) said the law will be a gamechanger in tackling unpaid super which now costs Australian workers $5.7 billion a year. "The introduction of payday super legislation has been a long time ...

Australian investment in venture capital lags: SMC

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... phase accounts and improve data sharing to make it easier and simpler for retirees to navigate the system; and fix unpaid super with urgent payday super laws, pay super to all under-18 workers, and give a fairer super tax deal to 1.2 million low-income ...

IFS recovers $226m in unpaid super

MATTHEW WAI  |  WEDNESDAY, 16 JUL 2025
... billion to date. Despite the effort, the ability to easily recover super is still a fair distance away from the total unpaid super, which currently sits close to $6 billion for 3.3 million Australians according to recent data shown by the Super Members ...

Stop delaying Payday Super laws, says SMC

JAMIE WILLIAMSON  |  TUESDAY, 15 JUL 2025
With Australia's unpaid super bill growing by $110 million each week, a survey from Super Members Council (SMC) shows 70% of Aussies want to see the payday super laws implemented as scheduled. Payday super laws are slated to come into effect on 1 July ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... designed to ensure employees are paid their Superannuation Guarantee entitlements with wages. It would curb the issue of unpaid super in Australia by increasing the penalties for employer non-compliance; it's estimated some $41.5 billion in super ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... announced in May 2023. SMC chief executive Misha Schubert said payday super will dramatically reduce the level of unpaid super, improve compliance with the law and make the super system fairer for workers and businesses alike. "Over the coming year ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... on the government for the payday super reforms, which she said would be a "game changer". "Fixing the scourge of unpaid super is urgent - the 2.8 million Australians who miss out on some or all of their super contributions each year cannot afford to ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... undercut by businesses who deliberately underpay staff. SMC data also revealed the federal electorates with the worst unpaid super records by the amount of people underpaid, the worst being Lalor in Victoria, with the percentage of people being underpaid ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... employees' superannuation entitlements at the same time as wages. Advocacy groups say this reform would drastically curb unpaid super. According to ATO data, there were more than 500,000 cases of underpayment and over 200,000 cases of non-payment of ...