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Showing 41 - 50 of 472 results for "Superannuation guarantee"

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... super, delivering pay day super, and super on paid parental leave," Jones said. He also noted that the superannuation guarantee increased on July 1 this year, which he said will automatically result in young people retiring with more than $20,000 in ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... ruling TR 2023/4 for consultation which determines when a person is considered an employee under the Superannuation Guarantee (Administration) Act 1992 (SGAA). The draft update will bring into the tax ruling the ATO commissioner's views on when a ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... their savings or because it is eroded by external factors like inflation or market volatility. "Since the Superannuation Guarantee was introduced in 1992, Australians have gained a decade of life expectancy. That's an extra 10 years to fund, an additional ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... in a return of advances made under FEG as and whether the claims will result in a better recovery of superannuation guarantee charge (SGC)." The Australian Taxation Office (ATO), however, remains the priority creditor for outstanding SGC in insolvent ...

MIESF adjusts insurance premiums

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... restricted to half of the cover amounts until one year after MIESF receives an eligible member's first Superannuation Guarantee (SG) contribution; weekly cost remains unchanged. MIESF said it aims to provide eligible members with appropriate and affordable ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... found that paying superannuation on paid parental leave combined with the legislated increases in the superannuation guarantee and duration of paid parental leave to 26 weeks will lead to an increase in superannuation balances at retirement of around ...

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... that, if Labor wins the next election the Commonwealth Paid Parental Leave (PPL) scheme will include Superannuation Guarantee contributions from 1 July 2025. "... we are very proud that this Budget extends superannuation to parents on paid leave. When ...

Rest calls for removal of minimum work hours for super

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Rest has urged the Australian government to remove the minimum hours rule for the superannuation guarantee to apply. Research conducted for Rest by CRNRSTONE found 82% of Australians think the law should be changed so that Australian workers - many ...

Mercer rolls out new corporate super plan

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... employer-subsidised administration fees and insurance premiums as an employee benefit. Moreover, it can accept Superannuation Guarantee contributions within five to 15 business days of completing an application, depending on the employer's size. However ...

TelstraSuper reduces admin fees

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
... the monthly income benefit would be increasing effective April 4 from 85% to 87%. TelstraSuper said the superannuation guarantee benefit paid to member's accounts changing from 10% to 12% would mean most members with IP cover would pay a higher annual ...