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Showing 41 - 50 of 56 results for "Modern Awards"

Government targets super in awards, board independence

JAMES FERNYHOUGH  |  THURSDAY, 28 NOV 2013
... on its plan to introduce a quota of independent directors on super fund boards, and to take superannuation out of modern awards, following the release of a discussion paper by Assistant Treasurer Arthur Sinodinos. Speaking at a breakfast hosted by the ...

CSSA calls out default fund selection

BEN COLLINS  |  WEDNESDAY, 21 NOV 2012
... default super funds being incorporated in the Fair Work Amendment Bill 2012. "If a fund does not appear in enough Modern Awards it will be unlikely to survive because it cannot be chosen as a default super fund. "Major funds may be forced to close. We ...

AFA: Productivity Commission caves in to Shorten's pressure

LINDA HAUSKEN  |  FRIDAY, 19 OCT 2012
... we question, the appropriateness of FWA making decisions with respect to the selection of superannuation funds in modern awards." Up until now the FWA has been running the system, and Fox said that to this point it has not worked. "It is difficult for ...

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
... alternative unlisted MySuper product. The Government is supporting the selection of default funds for inclusion in modern awards to be undertaken by the expert panel within Fair Work Australia (FWA) and rejects the right to unilateral employer choice ...

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
The changing role of Government in recommending default super funds in modern awards could lead to worker legal action against the Commonwealth. The Law Council of Australia issued the warning at public hearings held by the Productivity Commission (PC) ...

No role for FWA in choosing default funds: CSSA

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... experience would be best suited to making appropriate decisions on which funds should be allowed as default funds in modern awards. "We understand the FWA has been subject to some significant level of criticism in their handling of recent enquiries," ...

Default fund listings unnecessary: FSC

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
... said that while the Commission has indicated a preference for options under which default funds remain embedded in Modern Awards, this would be suboptimal to the FSC's preferred option. The FSC's preference is for a system where any default MySuper product ...

Wins and losses in PC default super report

ALEX DUNNIN  |  FRIDAY, 29 JUN 2012
... Superannuation Network (ISN), said, "The Productivity Commission has recognised that the default funds named in modern awards have generally outperformed other superannuation funds and agreed with the submissions of ISN and others that the selection ...

Default super in modern awards justified: Cbus

MELANIE TIMBRELL  |  MONDAY, 16 APR 2012
... members work, results in better-tailored products and justifies the continued support of default super funds in modern awards, according to Cbus. The super fund for the building and construction industry used its submission to the current enquiry on ...

Member interests and employer choice paramount

ELISE BURGESS  |  TUESDAY, 10 APR 2012
... contribution members, except where this results in an employer paying twice, if default funds continue to be listed in Modern Awards that conflicted parties should be prohibited from intervening in applications by other funds wanting to be included in ...