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Showing 21 - 30 of 89 results for "Unpaid super"

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... passed to make it a reality." It called for the full and timely implementation of payday super, alongside strengthened unpaid super enforcement through ambitious ATO targets for "proactive recovery" and "stronger penalties." SMC is also pushing to "help ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... insurance, to make those members aware," Fok said. "We also work very constructively with them on the ground to recover unpaid super. Last year alone we recovered $200 million..." When Bragg asked whether the payments to the CFMEU will continue in the ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... ensure millions of Australians who are currently being short-changed are paid their super on time and in full." "Unpaid super locks too many Australians out of the full transformative benefits of the retirement system and leaves people poorer when they ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... losing $1800 - a loss that could result in over $30,000 less in retirement savings. The SMC said that this issue of unpaid super, driven by the misalignment between super and wage payment, creates an unfair playing field where employers who pay their ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
As the number of business insolvencies spike, workers will soon be able to claim unpaid superannuation owed to them by defunct employers under the Fair Entitlements Guarantee (FEG) Recovery Program. From 1 July 2024, staff who worked for employers that ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
Emergency and State Services Super (ESSSuper) is facing a class action from Gordon Legal and the Rail Tram and Bus Union (RTBU) over allegations of more than $40 million in unpaid superannuation. The $36 billion super fund has been accused of failing ...

Payday super timing, deliberate: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 5 DEC 2023
... Unpaid superannuation is equivalent to wage theft. However, the ATO reported there is an estimated $3.6 billion in unpaid super between 2020 and 2021. In response, the government will require super be paid on payday, effective 1 July 2026. Industry Super ...

Payday super protects most vulnerable: SMC

CHLOE WALKER  |  MONDAY, 4 DEC 2023
... in a year. The analysis also showed that lower-income workers and younger women are disproportionately impacted by unpaid super. SMC interim chair Nicola Roxon said the government's commitment to switch from quarterly to payday super was a step towards ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... Australia's hard-working employees are receiving their lawful entitlements from their employers," Rosenzweig said. "Unpaid super not only affects employees' entitlements but it also raises other red flags that a business may not be viable. If you're ...