Search Results | Showing 1 - 10 of 53 results for "Modern Awards" |
| | | ... part of the government's Protecting Worker Entitlements Bill. Currently, Australian workers lacking coverage under modern awards or enterprise agreements are vulnerable to exploitation if their employer fails to make the required superannuation contributions. ... |
| | | | ... mainly influenced by increases to the national minimum wage, regularly scheduled enterprise agreement increases, modern awards and salary reviews timed to coincide with the financial year. Of note, the 2017-18 Fair Work Commission annual wage review ... |
| | | | ... also demonstrates that having default funds tied to employers and workplace relations via enterprise agreements and modern awards is also contributing to poor outcomes. "They note that this has worked in favour of the funds, not consumers. The PC's overarching ... |
| | | | ... Competition in the context of member benefits hints the Commission's review will likely reassess super's role in modern awards. In 2012, the Commission was tasked with designing criteria for the selection and assessment of default superannuation funds ... |
| | | | ... superannuation reforms." The banks object to being passed up for inclusion as the default fund for some employers by the Modern Awards system, arguing it impedes competition. ISA, meanwhile, argues that industry funds have better long-term average performance ... |
| | | | ... competing with industry, corporate and public sector funds, many of which have higher fees." Loane said that the modern awards system by which employers choose default superannuation funds does not allow for market competition. "Open market competition ... |
| | | | ... 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 competition in the default superannuation market. "Competition remains ... |
| | | | ... company's APRA authorised MySuper product should automatically be eligible to be a default fund irrespective of modern awards. "Logic dictates that we should be able to offer our product to employers and their employees everywhere," he said. "Restrictive ... |
| | | | ... duplicates and undermines this role by selecting a limited number of compulsory default funds for employers using Modern Awards. Just as we should guarantee choice to consumers, employers should be allowed to select a default fund from all APRA authorised ... |
| | | | Research by the Financial Services Council (FSC) suggests that modern awards are reducing competition in the superannuation industry. FSC's analysis of the modern awards system demonstrates a disproportionate representation of industry, government and ... |
|
