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Showing 11 - 20 of 63 results for "Unpaid super"

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... new legislation will complement the ATO's powers, providing the stronger possible protection for employees against unpaid super, the government said. Minister for workplace relations Tony Burke said the laws would enable workers not covered by a modern ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... millions of mums being worse off retirement," she said. "Young and lower paid women are bearing the brunt of the unpaid super scourge - those least able to afford it. "Cracking down on unpaid super will ensure these women get the early contributions ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
Changing the requirement to pay super with wages will drastically reduce unpaid super and give four million plus workers better investment returns, according to Industry Super Australia (ISA). In its pre-budget submission, ISA said that the "outdated ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... 59. However, ISA said the government did not take the necessary action to fix the average $4.7 billion a year in unpaid super like it could have, or commit to paying superannuation on paid parental leave. "Two Senate inquiries and a growing chorus of ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... Australia has unleashed on the loose laws and 'light touch' compliance that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' investigated ...

Labor MP savages government's superannuation record

ANDREW MCKEAN  |  THURSDAY, 28 APR 2022
At the ASFA Conference this morning, shadow minister for financial services and superannuation Stephen Jones outlined his party's policy and attacked the government's "crackpot ideas". Jones said he recognised the enormous opportunity of working ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... end the "tinkering" with the super system's fundamentals. They also expressed support for a regulatory crackdown on unpaid super and removing the $450 threshold - when super is not paid if a worker earns less than that amount a month. "We welcome the ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... for superannuation, financial services, and the digital economy Jane Hume at the event. Both ministers agreed that unpaid super is a significant issue, yet no one can agree on the exact figure. The ATO calculates $3.5 billion while ISA believes the figure ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... the current system, the plan urges any future government to bridge the gender super gap, fix the $5 billion a year unpaid super scourge, protect members from dud funds and to stop tinkering with super's foundations. ISA's chief executive Bernie Dean ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... $1700 in superannuation each year, ISA said, amounting to $60,000 less in retirement. In the last six years, the unpaid super debt has climbed to $28.8 billion. It's as a result of many employers only paying superannuation guarantee contributions on ...