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

Search Results

Showing 81 - 90 of 132 results for "Fair Work"

ISA proposes new restrictions on retail super

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... competition and cement [industry funds'] monopoly position in industrial awards." Whiteley's speech focused on the role of the Fair Work Commission (FWC) in selecting eligible default funds, which he argued was a necessary "safety net". Brogden, meanwhile ...

Govt moves to repeal super payslip disclosure rules

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... made. This move, however, will not remove super contributions from payslips, as this requirement is enshrined in the Fair Work Act 2009. All it means is employers will no longer need to specify the date they will actually make the payment. This means ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
... expensive and offer lower returns than FSC member funds, but maintain a monopoly on default contributions through the Fair Work Commission process. "While the FWC process continues, millions of Australians will be missing out on the benefit of lower ...

Hockey wants Sinodinos back

JAMES FERNYHOUGH  |  TUESDAY, 16 SEP 2014
... (AWH). He was temporarily replaced by Finance Minister Mathias Cormann. Two key policy areas - regarding the role of the Fair Work Commission in the choice of default superannuation funds and the constitution of industry fund boards - have been in limbo ...

Impartiality of FWC Expert Panel challenged again

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
The impartiality of the Fair Work Commission's two Expert Panels has again been challenged, with Nationals Senator Bridget McKenzie calling on member Tim Harcourt to resign on the grounds that he is "biased towards the Labor Party." While Harcourt is ...

ACCI calls for end to super in awards

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... another setback on Thursday when the Australian Chamber of Commerce and Industry (ACCI) renewed calls for an end to the Fair Work Commission's involvement in selecting default funds. The call, made at the Financial Services Council conference, will be ...

Abetz backed FSC in case against FWC, Federal Court reveals

JAMES FERNYHOUGH  |  MONDAY, 28 JUL 2014
... Council (FSC) had the backing of Employment Minister Eric Abetz in its Federal Court case against the constitution of the Fair Work Commission's superannuation expert panel, it has emerged. On Friday the Federal Court published the reasons for its judgment ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... amended to give the retail sector some wiggle room; and the FSC and ISA have faced off in court over the make-up of the Fair Work Commission's expert panel on superannuation. Apart from one jointly penned response to a CPA report in August, relations ...

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
... into his role at the fund, the former NAB exec told Financial Standard he thought the writing was on the wall for the Fair Work Commission's involvement in selecting default superannuation. "We're already operating on the assumption that this is going ...