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

Search Results

Showing 301 - 310 of 468 results for "% Superannuation Guarantee"

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
The Australian Institute of Superannuation Trustees (AIST) is opposing reduced penalties for employers not meeting their compulsory super guarantee payments to employees. Draft legislation A introduced by former federal small business minister Bruce ...

Aussie super funds in top 100

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
UniSuper has crept in to the world's top 100 retirement savings funds, joining four Australian counterparts in the annual list compiled by Pensions & Investments magazine and Towers Watson. The P&I/Towers Watson Global 300 list was launched today with ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
The superannuation system is doing its job, a newly published white paper from the Actuaries Institute has concluded, but Financial System Inquiry chair David Murray argues it must be removed from political intervention. The new paper, 'For Richer or ...

Australians are hardly retirement ready

DARREN SNYDER  |  THURSDAY, 27 AUG 2015
Australians on the verge of retirement are least likely to be retirement ready according to new analysis from Commonwealth Bank. Reviewing the data of more than 12 million Australian superannuation accounts as at 30 June 2014, CommBank and Rice Warner ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
Reducing penalties for employers who fail to pay superannuation is heading in the wrong direction, according to an industry super fund chief executive. Federal small business minister Bruce Billson recently introduced draft legislation aiming to reduce ...

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
Financial Services Council chief executive Sally Loane has called for a bipartisan commitment to 12% superannuation contributions by 2022 in her keynote speech to the FSC Annual Conference on the Gold Coast. "With average balances still low - at $70,000 ...

Super non-compliance endemic: ATO

DARREN SNYDER  |  TUESDAY, 9 JUN 2015
Australian employers' not paying compulsory superannuation led to a national debt of more than $1 billion last year and the bill is climbing 12% annually. The figures come from a recent Australian National Audit Office report which reaffirms company ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

Shadow Treasurer will go to election over super

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Federal Shadow Treasurer Chris Bowen is prepared to table changes to superannuation tax concessions in parliament prior to an election. Bowen made the call in his recent budget reply speech at the National Press Club where he reiterated the current ...

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
In the absence of an increase in the superannuation guarantee, industry representative groups agree Australians will need to put more money in to their super accounts after changes to the Age Pension were announced in the federal budget. Most changes ...