Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 54 results for %22Fairer Retirement System%22

Government releases draft super reforms

ALEX BURKE  |  THURSDAY, 8 SEP 2016
... released its first tranche of exposure draft legislation for proposed superannuation reforms. Describing the reforms as "fairer, more flexible and more sustainable," Treasurer Scott Morrison argued that "the majority of Australians" will either be "better ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... re-directed to lower income workers, the Super Guarantee needs to rise from 9.5% to 12% sooner rather than later and a fairer age pension asset test with a taper rate of no more than $2 per $1000 of assets needs to be introduced." Other budget measures ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... for superannuation and that although key superannuation measures announced in the budget were "a necessary step toward a fairer and more sustainable super system, more needed to be done to improve fairness in super." He noted that changes to the Age ...

ISA slams super opt out proposal

MARK SMITH  |  MONDAY, 22 FEB 2016
... ever more heavily on taxpayers," said Collins. "There are a number of sensible ways to make the super system deliver a fairer outcome for lower and middle income earners, primarily by rebalancing tax concessions which mostly flow to Australia's highest ...

ISA says 15pct tax rebate no good

DARREN SNYDER  |  THURSDAY, 4 FEB 2016
... concessions flowing to the top 10% of savers there is scope to retarget concessions to lower income rungs to deliver a fairer and more adequate retirement income system."

ISA launches super tax plan

DARREN SNYDER  |  MONDAY, 14 DEC 2015
... and limiting total contributions to $50,000 per year, rather than the current cap of $230,000. ISA is also calling for a fairer Age Pension asset test with a taper of no more than $2 per $1000 of assets. It also proposes level earnings taxes of 15% in ...

Government using super as "petri dish": Labor

DARREN SNYDER  |  FRIDAY, 16 OCT 2015
... not mean having a perfect superannuation system. There are still issues that we need to work out. We do need to make it fairer. It is not fair right now to have 38% of the concessions flowing just to the top 10% of income earners," Chalmers said. Labor ...

Senate inquiry into gender retirement income gap launched

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... Trustees (AIST) supported the inquiry. AIST chief executive Tom Garcia said the current Tax Inquiry needed to consider fairer distribution of tax concessions in superannuation to improve the outlook for women.

Super groups call for women Senate review

DARREN SNYDER  |  THURSDAY, 30 JUL 2015
... Superannuation Trustees (AIST) chief executive Tom Garcia believes the first step in addressing the super gender gap is creating a fairer taxation system. "The reality is, the system as it stands currently is stacked in favour of high income earning ...

ISA appoints "fiscal hawk" chief economist

ALEX BURKE  |  WEDNESDAY, 3 JUN 2015
... why they've chosen someone like myself. "And essentially Industry Super is both committed to reforming super so that it's fairer and more affordable for all Australians, including the Commonwealth budget, and that really attracted me to ISA. I see this ...