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Showing 51 - 60 of 86 results for "SMC"

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
... Peter Dutton's stern stance on the policy, which was heavily critcised by the industry, including the Super Members Council (SMC). SMC chief executive Misha Schubert said the withdrawal will hike the house prices, instead of creating more new home buyers. ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... with Budget papers reaffirming the timetable and a MYEFO investment of $404 million to meet it. The Super Members Council (SMC) said the government should use $500 million a year from the super tax windfall to strengthen retirement for low-income workers. ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... government has opened consultation on the draft legislation, with submissions closing next month. The Super Members Council (SMC) said payday super laws "will be a gamechanger." SMC chief executive Misha Schubert said the payday super laws will make ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... agenda, legislating the first tranche of its response to the Levy review," Briggs said. Likewise, the Super Members Council (SMC) thanked Jones for his service and noted his work in championing payday super financial advice reforms. "Minister Jones has ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
Modelling by the Super Members Council (SMC) shows close to one million older Australians are paying more in tax by leaving their super savings in accumulation products. The SMC said 700,000 Australians aged over 65 and no longer working full-time have ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... stakeholders to develop the standards and the draft standards will be released for public consultation. The Super Members Council (SMC) strongly welcomed the plan. SMC chief executive Misha Schubert said super fund members rightly expect the highest ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... Australians receiving their super contributions more frequently throughout their working life, which Super Member Council (SMC) analysis shows the average worker would be $7700 better off in retirement with payday super because returns accrue and compound ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
Super Members Council (SMC) has set out its key policy priorities in 2025 to further strengthen the superannuation system. The advocacy group, which represents over 11 million people, has called for no changes to the superannuation system's fundamental ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The chief executives of the Super Members Council (SMC) and the Association of Superannuation Funds of Australia (ASFA) have told the senate economics committee that Australians deserve better outcomes from their super funds, but said reforms are needed. ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
New modelling from the Super Members Council (SMC) finds most teenagers will miss out on an additional $10,000 at retirement simply because they're not entitled to superannuation contributions. The lobby group's Guaranteeing a Super Start to Work report ...