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Showing 31 - 40 of 62 results for "SG contributions"

ASFA puts gig economy on the agenda

EMMA RAPAPORT  |  THURSDAY, 7 SEP 2017
... arrangements means, under current policy settings, a lower proportion of jobs for which workers will receive SG contributions. Options for adjusting current superannuation settings put forward by ASFA include: Extending coverage of the SG to independent ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
... inquiry, the committee was told that between 2013 and 2014, Australian's missed out on an estimated $3.6 billion in SG contributions due to employer failings. In handing down its findings, the committee blamed the ATO's reactive rather than proactive ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... had to rely on Industry Super Australia and Cbus' estimated figure of $3.6 billion in employers failing to pay SG contributions between 2013 and 2014. Thirty-two recommendations were put forth to address the problem, starting with the ATO prioritising ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
... following a debate in Parliament. The SG charge is a penalty paid by employers who fail to make their quarterly SG contributions on time. It was set to be diluted under the Treasury Legislation Amendment (Repeal Day 2015) Bill, but a last minute amendment ...

Ending super gender gap needs collective approach

LAURA MILLAN  |  FRIDAY, 11 DEC 2015
... previous two decades. The association argued that possible solutions could be the phased increase in the rate of SG contributions to 12%, which will benefit women in particular, given that they are less likely to be receiving higher than minimum contributions ...

Super non-compliance to cost $44 billion

ALEX BURKE  |  MONDAY, 16 NOV 2015
... construction, followed by property services, mining, hospitality and manufacturing. Cbus identified total non-payment of SG contributions, "cash economies", "sham contracting" and employer insolvency as the primary causes of non-compliance. "Non-payment ...

Super guarantee charge bundled by red tape repeals

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
... year. Under the proposed changes, the SG charge - a penalty paid by employers who fail to make their quarterly SG contributions on time - will be calculated on ordinary time earnings and interest will only be payable from the SG due date, significantly ...

Tax reform must not betray women

DARREN SNYDER  |  THURSDAY, 12 NOV 2015
... point must be better targeted tax concessions and amendment of provisions which exclude women from receipt of SG contributions." The group said a review of mechanisms to recognise time out of the workforce caring for others should also be prioritised. ...

ASFA supports SGC bill with increased ATO resources

DARREN SNYDER  |  THURSDAY, 15 OCT 2015
... annually - 6.5% of the workforce." "Australians affected by non-compliance lose an average of $3750 per annum in SG contributions - nine months' worth for someone on average weekly earnings, more for low income earners," the ASFA submission said. It ...

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... said. Under the proposed changes, the SG charge - a penalty paid by employers who fail to make their quarterly SG contributions on time - will be calculated on ordinary time earnings and interest will only be payable from the SG due date, significantly ...