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Showing 41 - 50 of 67 results for "SG contributions"

Super non-compliance to cost $44 billion

ALEX BURKE  |  MONDAY, 16 NOV 2015
... construction, followed by property services, mining, hospitality and manufacturing. Cbus identified total non-payment of SG contributions, "cash economies", "sham contracting" and employer insolvency as the primary causes of non-compliance. "Non-payment ...

Super guarantee charge bundled by red tape repeals

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
... year. Under the proposed changes, the SG charge - a penalty paid by employers who fail to make their quarterly SG contributions on time - will be calculated on ordinary time earnings and interest will only be payable from the SG due date, significantly ...

Tax reform must not betray women

DARREN SNYDER  |  THURSDAY, 12 NOV 2015
... point must be better targeted tax concessions and amendment of provisions which exclude women from receipt of SG contributions." The group said a review of mechanisms to recognise time out of the workforce caring for others should also be prioritised. ...

ASFA supports SGC bill with increased ATO resources

DARREN SNYDER  |  THURSDAY, 15 OCT 2015
... annually - 6.5% of the workforce." "Australians affected by non-compliance lose an average of $3750 per annum in SG contributions - nine months' worth for someone on average weekly earnings, more for low income earners," the ASFA submission said. It ...

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... said. Under the proposed changes, the SG charge - a penalty paid by employers who fail to make their quarterly SG contributions on time - will be calculated on ordinary time earnings and interest will only be payable from the SG due date, significantly ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... base for calculating the SG charge (currently total salary and wages) with the earnings base for calculating SG contributions (ordinary time earnings). The changes will also reduce the harshness of the SG charge by aligning the interest component on ...

Super non-compliance endemic: ATO

DARREN SNYDER  |  TUESDAY, 9 JUN 2015
... 2014 were $100.6 billion, of which employer contributions totaled $77 billion. An employee who believes that SG contributions have not been paid can lodge an enquiry with the ATO.

Three more MySuper licenses

ALEX DUNNIN  |  WEDNESDAY, 30 OCT 2013
... Super and Smart Pension. The looming January deadline after which employers will only be able to pay default SG contributions into funds with MySuper authorisations is fueling speculation that not all corporate master trusts active in the market today ...

ANZ, BHP, Tidswell get MySuper authorisation

ALEX DUNNIN  |  WEDNESDAY, 18 SEP 2013
... Balanced product. These latest MySuper authorisations take the number of retail fund groups ready to accept default SG contributions from 1 January next year to 13 out of the 21, according to Rainmaker, that currently operate into the corporate master ...

AustSafe gets MySuper approval

JAMES FERNYHOUGH  |  FRIDAY, 30 AUG 2013
... retirement goals." "This approval means for our employers, its business as usual and they can continue paying their SG contributions to us with the complete confidence that we are able to help them meet their super obligations," he said. Stevens said ...