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Showing 71 - 80 of 89 results for "Unpaid super"

Industry fund makes tech play to combat unpaid super

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... Australia's largest superannuation fund, with more than $120 billion under management, is hoping to tackle the problem of unpaid super with a mobile application upgrade. The AustralianSuper app, which first launched in 2015, will allow members to receive ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... average of $2025 each in 2013/14. "The report today shows the ATO, which has primary responsibility for policing unpaid super, still hasn't come to grips with the problem despite having the best data available to identify individual taxpayers at risk ...

SG non-payment is an 'easy fix': ISA

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... drawdowns annually ahead of Senate inquiry findings into unpaid superannuation due to be released today. ISA estimates unpaid super costs workers about $24,000 by retirement and is putting pressure on the government to shell out an extra $100 million ...

ATO payroll system tracking unpaid super

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
The Australian Taxation Office is tackling the growing $3.6 billion unpaid super problem with its Single Touch Payroll (STP) system that closely monitors employers' inability to pay superannuation entitlements, with the first phase due to roll out on ...

Wages and super should be aligned: Cbus

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
... and only 60% of members were confident their super had been paid. More than a third of those who had experienced unpaid super reported that their issue had not been resolved. Cbus also called for the current loophole that allows salary sacrifice to be ...

CBA reviews part-time staff earnings

JAMIE WILLIAMSON  |  FRIDAY, 3 MAR 2017
... and it will now undertake a review process of all part-time staff earnings since 2009 to identify any instances of unpaid super. Of the six cases, CBA concluded that each staff member was owed an additional $180 of super per year on average. "We will ...

CBA caught out on unpaid super

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2017
CBA could be forced to back pay millions in unpaid superannuation to at least 7000 employees. The Finance Sector Union of Australia has revealed the bank has failed to pay part-time staff members their full 9.5% superannuation guarantee entitlements ...

Industry funds lead Labor's super inquiry

DARREN SNYDER  |  MONDAY, 5 DEC 2016
... ATO still waiting for answers, let alone their money, years afterwards. One has told us he was advised recovery of unpaid super may take up to 10 to 20 years," Bracks said. "Employers who do the right thing by their employees are competing on an uneven ...

ATO on phoenix watch

DARREN SNYDER  |  MONDAY, 1 AUG 2016
The Australian Taxation Office is continuing its crackdown on illegal phoenix activity, including unpaid superannuation, following the recent execution of six search warrants on the Gold Coast. The ATO said the six warrants were executed through the ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
... penalties for SG non-compliance would not increase compliance. We know that there is a $2.6 billion problem with unpaid super. This problem effects government revenue through unpaid taxes, it affects employees through lower balances and increases reliance ...