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Showing 1 - 10 of 15 results for "Payday super"

Morningstar hires research manager for super

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... Anglingdarma's appointment comes as Morningstar Australasia and SuperAPI have announced a strategic alliance to automate payday super compliance for employers.

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... in super, which could result in $30,000 less in retirement savings. The government has committed to introducing a payday super scheme, however, the SMC said that "legislation must be passed to make it a reality." It called for the full and timely implementation ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... will be liable to pay an SG charge. In September, the government outlined further details it plans to include in the payday super legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. This ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans to include in legislation ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... pay their workers' entitlements on time are undercut by those who don't. While the government has pledged to enact payday super reforms by 2026, the legislation, however, still hasn't been introduced to Parliament, and details of its implementation remain ...

Payday super timing, deliberate: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 5 DEC 2023
... acknowledged that for too long, people haven't received the super they're entitled to. "We want to fix that, and payday super is part of the solution to that challenge," he said. "It will mean more super for more workers. We recognise that people ...

Payday super protects most vulnerable: SMC

CHLOE WALKER  |  MONDAY, 4 DEC 2023
New modelling by the Super Members Council (SMC) reveals payday super could add up to $36,000 to the retirement balance of workers in the lowest 20% of wage earners. A recent SMC analysis of an Australian Taxation Office sample file has found that on ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... members, citing recent initiatives like the removal of the $450 monthly income threshold and the introduction of payday super. "We need to build on this momentum and implement further reforms, such as superannuation contributions on paid parental leave," ...

Payday super a seismic change for the industry: ART

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
Following the release of the payday super consultation paper last week, Australian Retirement Trust (ART) head of employer, platforms and partnerships Mat Gilroy says industry players will need to focus on digital integration moving forward. Speaking ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... consultation paper also seeks feedback on how employee onboarding and their choice of fund could be improved under payday super. In the 2023-24 Budget, the government announced that from 1 July 2026, employers will be mandated to pay Superannuation Guarantee ...
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