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Showing 21 - 30 of 34 results for "Low Income Superannuation Contribution"

Inquiry recommends MRRT and LISC be scrapped

MARK SMITH  |  TUESDAY, 3 DEC 2013
The low income superannuation contribution (LISC) looks set to be scrapped following the Senate Economics Legislation Committee's recommendation that the Minerals Resource Rent Tax (MRRT) and Other Measures Bill 2013 be passed. In its report to the ...

Government to discuss alternative funding for LISC

MARK SMITH  |  THURSDAY, 28 NOV 2013
... that it may be open to finding other sources of funding to prevent the scrapping of the low income superannuation contribution (LISC). Industry bodies including Industry Super Australia (ISA), the Association of Superannuation Funds of Australia (ASFA) ...

Industry bodies call for Government LISC U-turn

MARK SMITH  |  MONDAY, 25 NOV 2013
Industry bodies have called on the Government to reconsider its repeal of the low income superannuation contribution (LISC) in their submissions on the Minerals Resource Rent Tax (MRRT) Repeal and Other Measures Bill 2013. The LISC compensates individuals ...

Parliament to address large financial services agenda

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
... and Resources Rent Tax Repeal and Other Measures Bill 2013, which plans to repeal Labor's low income superannuation contribution (LISC). The legislation that increased compulsory super guarantee contributions from 9.25% to 12% will be delayed. Under ...

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
... MRRT Repeal and Other Measures Bill 2013, the Government also commits to repealing the low income superannuation contribution (LISC), which amounts to an annual $500 boost to superannuation for those earning less than $37,000 a year. The Financial Services ...

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
... delivering returns for members." He criticised the Coalition's stated intention to scrap the low income superannuation contribution (LISC) scheme, a Labor initiative which contributes $500 a year in superannuation to those who earn less than $37,000 ...

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
The Coalition has been urged to reconsider its decision to scrap the low income superannuation contribution (LISC) scheme and delay the increase of the super guarantee (SG), which it announced in its costings yesterday. In a joint statement, Women in ...

Shorten maps out government super legacy

ALEX DUNNIN  |  TUESDAY, 18 JUN 2013
... such as increasing superannuation guarantee (SG) from 9% to 12%, the introduction of the Low Income Superannuation Contribution (LISC) scheme, lifting the contribution cap, removing the upper age limit for contributions, Australia-NZ superannuation portability ...

Coalition super plan to harm retirees, low income earners

ALICE URIBE  |  FRIDAY, 17 MAY 2013
... disappointed that Abbott had confirmed the Coalition's intention to scrap the Government's Low Income Superannuation Contribution (LISC) Scheme. This scheme - which came into effect on 1 July last year - provides a super rebate of up to $500 for individuals ...

Coalition will delay SG rise, abolish LICS

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... 15% superannuation contributions tax rebated will be abolished. "We won't continue the low income superannuation contribution because that's also funded from the [mining] tax that isn't raising any revenue," he said. "I announce that we will delay by ...