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Showing 21 - 30 of 63 results for "Unpaid super"

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
Industry Fund Services' deputy general manager of unpaid super business unit has left the organisation. Pauline Olson has left IFS after 20 years, Financial Standard's sister publication Industry Moves first reported. "Her role has been absorbed into ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
The Bank of Queensland has failed to pay several workers their superannuation benefits, in a failure that could potentially blow out to $11 million in back payments. The bank has already accounted for $2.4 million of superannuation owed to employees ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... workers goes back to them." The SG Amnesty was a one-off opportunity for employers to disclose and pay previously unpaid super dating back to July 1992, plus 10% interest, without penalties. Around $440 million has been transferred to super funds, including ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee (SG) contributions had to switch payment methods to either ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... your tax agent or the ATO today; the amnesty expires in a month and it will take time to verify the amount of any unpaid super and pay it or put a payment plan in place." Those who don't come forward before the amnesty period ends and are subsequently ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... history of superannuation underpayment to "come forward and do the right thing by their employees" by paying any unpaid super in full, without being subject to the normal range of penalties for super underpayment. The amnesty will expire six months after ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... retirement and financial wellbeing," Ford said. "We will pursue outstanding debts, aiming to collect and distribute unpaid super and interest to employees as soon as possible." Two matters - Commissioner of Taxation v. Scone Race Club Limited (SRC) and ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... While closing the salary sacrifice loophole is important, the bigger issue that needs to be addressed is that of unpaid super, according to Industry Super Australia. That was the main point in the body's submission to Schedule 7 of the Treasury Laws ...

Australians demand unpaid super laws: Poll

KARREN VERGARA  |  MONDAY, 20 MAY 2019
A new survey conducted by Industry Super Australia reveals political parties are not doing enough to tackle unpaid superannuation and that legislation is the only solution to an ongoing problem. An overwhelming majority of participants (89%) want a ...

Labor policies boost superannuation agenda

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Australians concerned about their retirement savings should keep in mind the superannuation reforms at stake as they head to the polls tomorrow. A new analysis from the Australian Institute of Superannuation Trustees found Australians' retirement ...