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Showing 21 - 30 of 468 results for "Superannuation guarantee"

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 ...

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... percentage points to the quarterly growth in household wealth. This was partially also to do with the superannuation guarantee which increased from 11% to 11.5% in the September quarter, which also added to super balances. Household deposits rose 3.7% ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... objective comes 32 years after the establishment of compulsory superannuation and the creation of the Superannuation Guarantee and was first recommended by the Financial Systems Inquiry in 2014 and reinforced in the Retirement Income Review of 2020. ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... action by the tax office. In the past year, the ATO proactively contacted about 167,000 employers who owed Superannuation Guarantee payments and prompted them to pay. This is up 24% on the previous year. ATO deputy commissioner Emma Rosenzweig said more ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... group's Guaranteeing a Super Start to Work report reveals that about 505,000 teenage workers are denied Superannuation Guarantee contributions, which equates to about $368 million in total super contributions a year. Under current legislation, workers ...