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

Search Results

Showing 21 - 30 of 472 results for "Superannuation Guarantee"

Div 296 must proceed to strengthen 'fairness' in superannuation: ASFA

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... immediate attention to payday super, providing super for all workers under 18, strengthening enforcement of superannuation guarantee compliance. The peak body also advised the government to protect super entitlement in case of insolvencies, enabling ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... businesses with 10 or fewer employees to be exempt from the payday super regime and continue as quarterly superannuation guarantee (SG) contributors. "The additional administrative burden of more frequent SG payments would be particularly challenging ...

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
... was in part due to the changes to the State Superannuation Act 2000, which will enable GESB to accept superannuation guarantee payments from non-WA public sector employers, benefitting the 250,000 current and former public sector workers who have superannuation ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... Earlypay chief executive James Beeson warns SMEs must remain proactive to those changes. From July 1, the superannuation guarantee (SG) rate will rise from 11.5% to 12%, increasing payroll costs for employers. Late payments will attract Superannuation ...

State Super: In decline but doing fine

ANDREW MCKEAN  |  FRIDAY, 21 MAR 2025
... negative cash flows right now. In fact, other than the very large funds, the system is mature enough and the Superannuation Guarantee contributions aren't growing sufficiently fast, so that when people exit, they take out lump sums," Livanas said. "Some ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... employers to help them meet their obligations. The draft legislation also includes a redesign of the Superannuation Guarantee charge to guarantee workers are compensated for late payments by their employer. Jones said employers will face tougher penalties ...

Australian super assets set to become second largest globally: WTW

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... assets have outpaced other major pension markets over the long-term due to a combination of the rising superannuation guarantee and a strong bias towards defined contribution - which has led to higher growth portfolios." Delving into assets classes ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... pre-Budget submission, which outlined 10 key recommendations. These recommendations included extending the superannuation guarantee to all under-18 workers, including those working less than 30 hours per week, with an appropriate transition period for ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... tenure as a "transformative period of reform." ASFA highlighted key reforms, including increasing the Superannuation Guarantee to 12%, providing superannuation on top of government-provided paid parental leave, progress towards payday super, steps to ...

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
Coalition members have called for reforms that would give workers the choice to limit their superannuation guarantee (SG) - to receive higher take-home pay. National Party senator Matt Canavan said the Coalition should consider giving workers more control ...