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

Search Results

Showing 61 - 70 of 341 results for isa industry super australia

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... test, and softer wording in letters that failing funds must send to their members, according to Industry Super Australia (ISA). The bill passed the Parliament on June 17, with the first set of legislation coming into effect on July 1. APRA recently said ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
... million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to their retirement savings from the 0.5% increase in SG, with the ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... address underperformance and called for underperforming funds to be removed before any stapling began. Industry Super Australia (ISA) agreed with the AIST and said the reforms will staple members into products that may fail the performance test. "At ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... controversial piece of super legislation is to be debated this week - the Your Future, Your Super reforms. Industry Super Australia (ISA) today reiterated its concerns that the new laws could trap Australians in poor performing super products through ...

Super gender gap widens for NSW women: ISA

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
... compared to $1529 for women who worked full-time, leaving a gender pay gap of 17%. A recent retirement survey, commissioned by ISA, found that women on average spend 12 years less in the full-time workforce than men. ISA advocacy director Georgia Brumby ...

Draft regulation on YFYS released

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... Funds of Australia (ASFA). "Both changes in the proposed regulations released today need to be examined in further detail, but ISA is willing to work with the government on further changes to get the best outcome for members," Industry Super Australia ...

Cairns women disadvantaged by super gender gap

KARREN VERGARA  |  MONDAY, 12 APR 2021
... less superannuation than men. These stark figures highlight the need to lift the super rate as legislated from 9.5% to 12%, ISA said. "Women on middle to low income are the most likely to get the legislated super boost, lifting the rate will give them ...

ISA chief economist departs

KANIKA SOOD  |  TUESDAY, 30 MAR 2021
Industry Super Australia's chief economist of six years Stephen Anthony has left the lobby group. ISA confirmed Anthony's departure. "We thank Stephen Anthony for his work with Industry Super Australia over the la st six years. His thoughtful ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... Council has hit back at claims made by Industry Super Australia that retail super funds rort members out of billions of dollars. ISA made the statement back in December last year when responding to the Morrison government's announcement of the Your Future ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... ban legitimate expenses and investment in the best financial interest of members should not be tolerated in a democracy," ISA said. Aware Super suggested that the introduction of a threshold based on the percentage of fund revenue (for expenditure) and ...