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Showing 1 - 10 of 2023 results for "Council"

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... Australians aged 30 to 40 increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the report noted that mental health claims increased across all age groups ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... recommended by the Financial Systems Inquiry in 2014 and reinforced in the Retirement Income Review of 2020. Super Members Council chief executive Misha Schubert welcomed the bill's passage, adding that it's appropriate that the wording of the objective ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... part of his promise to make the US the "crypto capital of the planet." This also involves establishing an expert advisory council comprising digital asset industry executive. Commenting on his departure, Gensler described the SEC as a remarkable agency. ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... delayed payments. Over the last nine years, Australians have missed out on $41.6 billion in unpaid super, the Super Members Council said.

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... significantly behind. In 2023, modelling by the Australian Institute of Superannuation Trustees - now part of Super Members Council - estimated menopause is costing Australian women about $17 billion in lost earnings and retirement savings. Further ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The chief executives of the Super Members Council (SMC) and the Association of Superannuation Funds of Australia (ASFA) have told the senate economics committee that Australians deserve better outcomes from their super funds, but said reforms are needed. ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
New modelling from the Super Members Council (SMC) finds most teenagers will miss out on an additional $10,000 at retirement simply because they're not entitled to superannuation contributions. The lobby group's Guaranteeing a Super Start to Work report ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... superannuation and the potential impacts on the broader financial system. "At the moment, we are engaging with industry and fellow Council of Financial Regulators agencies on the design of the activity, including the hypothetical scenario we will examine," ...

Cbus names chief strategy officer

ELIZABETH FRY  |  FRIDAY, 1 NOV 2024
... bank-owned funds and influence government policy. Before working in super, Dean worked as an organiser with the Australian Council of Trade Unions in the mid-1990s before becoming a political adviser to former Victorian premier Steve Bracks. He then ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...
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