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Showing 31 - 40 of 89 results for "Unpaid super"

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
Rest is closing its bonds and shares investment options to new members as of September 30. The $75 billion industry super fund said any request by existing members to switch funds into the bonds or shares options must be received by September 27. However ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... the superannuation sector, Chalmers delivered no major surprises but flagged that the government will crack down on unpaid super and will put the pressure on the ATO to do better in recovering this money. In transitioning to a green economy, Chalmers ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has been worsened by existing rules, which only require employers to make superannuation payments quarterly. ...

Women growing super faster than men: Research

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... that leads to millions of mums being worse off retirement. Young and lower paid women are bearing the brunt of the unpaid super scourge - those least able to afford it," she said.

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... processes is a step in the right direction. The government is also tasking the ATO with improving the collection of unpaid super, and discussions are ongoing regarding the concept of payday super. While Jones confirmed that the ATO will be set targets ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... new legislation will complement the ATO's powers, providing the stronger possible protection for employees against unpaid super, the government said. Minister for workplace relations Tony Burke said the laws would enable workers not covered by a modern ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... millions of mums being worse off retirement," she said. "Young and lower paid women are bearing the brunt of the unpaid super scourge - those least able to afford it. "Cracking down on unpaid super will ensure these women get the early contributions ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
Changing the requirement to pay super with wages will drastically reduce unpaid super and give four million plus workers better investment returns, according to Industry Super Australia (ISA). In its pre-budget submission, ISA said that the "outdated ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... 59. However, ISA said the government did not take the necessary action to fix the average $4.7 billion a year in unpaid super like it could have, or commit to paying superannuation on paid parental leave. "Two Senate inquiries and a growing chorus of ...