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Showing 41 - 50 of 80 results for "Fair Work Commission"

Bowen draws red line on default fund choice

LAURA MILLAN  |  WEDNESDAY, 21 OCT 2015
... Shadow Treasurer Chris Bowen said during an interview on ABC 7.30. He defended the current system in which the Fair Work Commission determines the default superannuation funds for each industry: "It is in the best interest of members and there can't ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... superannuation market to competition will require consideration of an alternative to the current, poorly-conceived Fair Work Commission process for the selection of default funds in modern awards." He added that the government was committed to increasing ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... the fund chosen for them regardless of whether or not they are a member of a trade union," Loane said. "The Fair Work Commission selection process prevents access by some of the cheapest MySuper default funds to the market. Allowing all MySuper products ...

ISA urges government to keep super safety net

ALEX BURKE  |  FRIDAY, 24 APR 2015
... to place them in a high performing fund. These funds are selected in a merit-based process overseen by the Fair Work Commission," said ISA chief executive David Whiteley. "The FWC process puts competitive pressure on the super industry to deliver strong ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... best-delivered by funds that "return all profits to members," he emphasised the continuing importance of the Fair Work Commission's super "safety net". "The banks oppose the super safety net and are lobbying the government to scrap it so they can increase ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... through three gates: "firstly, to be approved by APRA, secondly to be accepted for default listing by the [Fair Work Commission] FWC Expert Panel, and thirdly to be chosen from the list by the FWC Full Bench." This process, Loane argued, had the effect ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... Employers are also restricted from choosing a MySuper default fund. Although APRA approves MySuper products, the Fair Work Commission duplicates and undermines this role by selecting a limited number of compulsory default funds for employers using Modern ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... Services Council (FSC) and Industry Super Australia (ISA) in June. The court case was over the role of the Fair Work Commission (FWC) in selecting default super funds for modern awards. The FSC initially argued that the panel that selected funds was ...

Super returns dip in September quarter

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
... with industry funds' long-term outperformance of retail funds, and said it vindicated the validity of the Fair Work Commission's involvement in the selection of default super funds for modern awards. "Australians rely on the safety net to ensure our ...

Super squabble beyond the joke: Taxpayers Australia

MARK SMITH  |  FRIDAY, 17 OCT 2014
... opening up the default superannuation market to competition. "I want to strip away the debate and show the Fair Work Commission default superannuation process for what it really is - a distribution channel for the industry funds."