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Showing 41 - 50 of 89 results for "Unpaid super"

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... Australia has unleashed on the loose laws and 'light touch' compliance that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' investigated ...

Labor MP savages government's superannuation record

ANDREW MCKEAN  |  THURSDAY, 28 APR 2022
At the ASFA Conference this morning, shadow minister for financial services and superannuation Stephen Jones outlined his party's policy and attacked the government's "crackpot ideas". Jones said he recognised the enormous opportunity of working ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... end the "tinkering" with the super system's fundamentals. They also expressed support for a regulatory crackdown on unpaid super and removing the $450 threshold - when super is not paid if a worker earns less than that amount a month. "We welcome the ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... for superannuation, financial services, and the digital economy Jane Hume at the event. Both ministers agreed that unpaid super is a significant issue, yet no one can agree on the exact figure. The ATO calculates $3.5 billion while ISA believes the figure ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... the current system, the plan urges any future government to bridge the gender super gap, fix the $5 billion a year unpaid super scourge, protect members from dud funds and to stop tinkering with super's foundations. ISA's chief executive Bernie Dean ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... $1700 in superannuation each year, ISA said, amounting to $60,000 less in retirement. In the last six years, the unpaid super debt has climbed to $28.8 billion. It's as a result of many employers only paying superannuation guarantee contributions on ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
Industry Fund Services' deputy general manager of unpaid super business unit has left the organisation. Pauline Olson has left IFS after 20 years, Financial Standard's sister publication Industry Moves first reported. "Her role has been absorbed into ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
The Bank of Queensland has failed to pay several workers their superannuation benefits, in a failure that could potentially blow out to $11 million in back payments. The bank has already accounted for $2.4 million of superannuation owed to employees ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... workers goes back to them." The SG Amnesty was a one-off opportunity for employers to disclose and pay previously unpaid super dating back to July 1992, plus 10% interest, without penalties. Around $440 million has been transferred to super funds, including ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee (SG) contributions had to switch payment methods to either ...