Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 73 results for "Low Income Super"

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
Major financial services bodies are throwing their support behind Mathias Cormann, asking for him to be appointed Minister of Superannuation and Financial Services in the new Government. "I've only ever asked one thing of Tony Abbott and Joe Hockey ...

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
The Coalition has been urged to reconsider its decision to scrap the low income superannuation contribution (LISC) scheme and delay the increase of the super guarantee (SG), which it announced in its costings yesterday. In a joint statement, Women in ...

Shorten maps out government super legacy

ALEX DUNNIN  |  TUESDAY, 18 JUN 2013
Bill Shorten, minister for Superannuation and Financial Services, has used a speech to a Financial Services Council (FSC) dinner at Parliament House in Canberra to assertively defend the government's reform record on superannuation. Shorten listed a ...

Coalition super plan to harm retirees, low income earners

ALICE URIBE  |  FRIDAY, 17 MAY 2013
The Coalition's announcement that they would delay the Superannuation Guarantee (SG) increase would see millions of Australians move into retirement with inadequate savings according to the Australian Institute of Superannuation Trustees (AIST). Last ...

Coalition will delay SG rise, abolish LICS

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
Opposition leader Tony Abbott has delivered his budget reply speech, announcing delays or suspension of superannuation intitiatives that were meant to be funded from taxes that a Coalition government intends repealing should it win office. These initiatives ...

Abbott super cut to affect low income Australians: Shorten

LAURA MILLAN  |  MONDAY, 22 APR 2013
Around one in three working Australians will be denied up to $500 each year under opposition leader Tony Abbott's plan to cut the Low Income Superannuation Contribution (LISC), minister for Financial Services and Superannuation Bill Shorten said. According ...

Industry groups join forces to mount super campaign

BEN COLLINS  |  THURSDAY, 21 FEB 2013
Industry groups have warned politicians to guarantee that no further changes will be made to superannuation. This morning both the Financial Services Council and the newly-formed SMSF Owners' Alliance gave Federal Government a March 12 deadline, the ...

AIST lashes out at Coalition

BEN COLLINS  |  FRIDAY, 1 FEB 2013
... Superannuation Trustees has hit out at a Federal Opposition decision not to support the Gillard Government's low income super rebate. Yesterday the Australian Institute of Superannuation Trustees (AIST), which represents not-for-profit super funds, said ...

Politics around LISC heats up

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
The politics around around superannuation tax expenditures looks set to heat up with Superannuation Minister Bill Shorten last week saying he will defend low income tax benefits and The Australia Institute saying the top end of town should be targeted ...

MLC model shows social benefit of Budget

MELANIE TIMBRELL  |  TUESDAY, 5 JUN 2012
... reduced low income tax offset, the removal of the Flood levy, a lower private health insurance rebate for some, a low income super contribution and the extra tax on concessional super contributions for those earning $300,000 or more. In the final bracket ...