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Showing 41 - 50 of 73 results for "Fair Work Commission"

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."

ISA proposes new restrictions on retail super

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... cement [industry funds'] monopoly position in industrial awards." Whiteley's speech focused on the role of the Fair Work Commission (FWC) in selecting eligible default funds, which he argued was a necessary "safety net". Brogden, meanwhile, argued that ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
... and offer lower returns than FSC member funds, but maintain a monopoly on default contributions through the Fair Work Commission process. "While the FWC process continues, millions of Australians will be missing out on the benefit of lower fees and higher ...

Hockey wants Sinodinos back

JAMES FERNYHOUGH  |  TUESDAY, 16 SEP 2014
... temporarily replaced by Finance Minister Mathias Cormann. Two key policy areas - regarding the role of the Fair Work Commission in the choice of default superannuation funds and the constitution of industry fund boards - have been in limbo ever since ...

Impartiality of FWC Expert Panel challenged again

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
The impartiality of the Fair Work Commission's two Expert Panels has again been challenged, with Nationals Senator Bridget McKenzie calling on member Tim Harcourt to resign on the grounds that he is "biased towards the Labor Party." While Harcourt is ...

ACCI calls for end to super in awards

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... setback on Thursday when the Australian Chamber of Commerce and Industry (ACCI) renewed calls for an end to the Fair Work Commission's involvement in selecting default funds. The call, made at the Financial Services Council conference, will be a particularly ...

Abetz backed FSC in case against FWC, Federal Court reveals

JAMES FERNYHOUGH  |  MONDAY, 28 JUL 2014
... had the backing of Employment Minister Eric Abetz in its Federal Court case against the constitution of the Fair Work Commission's superannuation expert panel, it has emerged. On Friday the Federal Court published the reasons for its judgment that the ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...