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

Search Results

Showing 71 - 80 of 134 results for "Fair Work"

Productivity Commission should focus on Choice underperformance: AIST

ALEX BURKE  |  FRIDAY, 19 FEB 2016
... the next term of government, the Government needs to address the current hiatus on default fund selection and let the Fair Work Commission get on with the work it has been tasked to do by Parliament. The more this process is stalled, the more uncertainty ...

Bowen draws red line on default fund choice

LAURA MILLAN  |  WEDNESDAY, 21 OCT 2015
... Labor Shadow Treasurer Chris Bowen said during an interview on ABC 7.30. He defended the current system in which the Fair Work Commission determines the default superannuation funds for each industry: "It is in the best interest of members and there ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... the superannuation market to competition will require consideration of an alternative to the current, poorly-conceived Fair Work Commission process for the selection of default funds in modern awards." He added that the government was committed to increasing ...

Super non-compliance endemic: ATO

DARREN SNYDER  |  TUESDAY, 9 JUN 2015
... superannuation guarantee with wages. "The ATO also needs greater resources to tackle the problem or other bodies such as the Fair Work Ombudsman should be given great scope to pursue arrears." The 134-page report, Promoting Compliance with Superannuation ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... must use the fund chosen for them regardless of whether or not they are a member of a trade union," Loane said. "The Fair Work Commission selection process prevents access by some of the cheapest MySuper default funds to the market. Allowing all MySuper ...

ISA urges government to keep super safety net

ALEX BURKE  |  FRIDAY, 24 APR 2015
... employer to place them in a high performing fund. These funds are selected in a merit-based process overseen by the Fair Work Commission," said ISA chief executive David Whiteley. "The FWC process puts competitive pressure on the super industry to deliver ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... outcomes are best-delivered by funds that "return all profits to members," he emphasised the continuing importance of the Fair Work Commission's super "safety net". "The banks oppose the super safety net and are lobbying the government to scrap it so ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... products to go through three gates: "firstly, to be approved by APRA, secondly to be accepted for default listing by the [Fair Work Commission] FWC Expert Panel, and thirdly to be chosen from the list by the FWC Full Bench." This process, Loane argued ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... Australians. Employers are also restricted from choosing a MySuper default fund. Although APRA approves MySuper products, the Fair Work Commission duplicates and undermines this role by selecting a limited number of compulsory default funds for employers ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... Financial Services Council (FSC) and Industry Super Australia (ISA) in June. The court case was over the role of the Fair Work Commission (FWC) in selecting default super funds for modern awards. The FSC initially argued that the panel that selected ...