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Showing 21 - 30 of 53 results for "Modern Awards"

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
Industry super funds should ready themselves for the removal of superannuation from the modern awards system, according to Sunsuper chief executive Scott Hartley. Six months into his role at the fund, the former NAB exec told Financial Standard he thought ...

FWC halts default super review

JAMES FERNYHOUGH  |  WEDNESDAY, 11 JUN 2014
The Fair Work Commission (FWC) has said it will halt its selection of MySuper funds as default funds under modern awards, after the full Federal Court found the expert panel was incorrectly constituted. In a statement released yesterday the president ...

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
... ISA argued that the result was a victory because the hearing did not result in the removal of superannuation from modern awards. In its statement ISA did not make reference to the two orders. While the hearing was never likely to result in the removal ...

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
... validity of the Fair Work Commission's Expert Panel responsible for the selection of MySuper funds to be listed on modern awards. While the Federal Court named two official respondents - the FWC and ISA - the surprise is that ISA, not the Fair Work Commission ...

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
... questioned the validity of the FWC expert panel and its ability to undertake a review of default superannuation funds in modern awards. The organisation is now seeking an urgent hearing with the FWC before the April 28 deadline for MySuper applications. ...

CBA integrates online business banking with MySuper

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... providers, but this is likely to change if the government proceeds with its plan of removing superannuation from modern awards altogether. This will result in a level playing field, at least from a regulatory point of view, for retail and industry funds. ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
... default superannuation fund from a limited list, which changes depending on the sector they belong to. There are 122 modern awards and each one involves a different review process. Retail funds with MySuper products are entitled to apply to be included ...

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
... necessity to create a brand through advertising is likely to increase should the Coalition take superannuation out of modern awards. "Funds that don't have a brand and are not able to rely on the awards system for new members, are going to find it pretty ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... Bank of Australia (CBA) has also added its voice to the debate over whether superannuation should be taken out of modern awards, calling the current system "anti-competitive". Nicolette Rubinsztein, general manager of advocacy and retirement at CFS ...