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Showing 1 - 10 of 26 results for "Super Bill"

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
Treasurer Jim Chalmers has tabled a new bill in Parliament to legislate an objective of superannuation, aimed at securing a dignified retirement for more Australians. The Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... and to establish improved recovery targets. Of note, the ATO currently recovers only around 12% of the annual unpaid super bill, often having to wait three months before addressing unpaid super complaints. ISA responded the government's initiative ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... could easily fix this problem at its source, the ATO needs to do better than just recovering a dismal 15% of the unpaid super bill each year." Dean concluded: "Labor's commitment to beef up ATO compliance and make it easier for workers to recover ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
The House of Representatives passed hotly-debated Your Future, Your Super bill last night, with Labor getting away with just one of the amendments on its wish list. Best Financial Interest Duty's proposal to give ministers the power to ban superannuation ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
Stapling is expected to be the thorn in the Liberals' side when the Your Future, Your Super bill hits parliament next week, as shadow treasurer Stephen Jones digs his heels in on the start date and exclusions for members in hazardous occupations. ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... billion super fund is advocating for a top 10 best-in-show MySuper list to be embedded in the pending Your Future Your Super bill. He told yesterday's Senate Economics Legislation Committee discussing the new legislation that members must be protected ...

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... introduced in 2019 in relation to the provision of life insurance through superannuation, including the Protecting your Super Bill and Putting Members' Interests First Bill, was to remove around 30% of members from insurance policies, and in doing so ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund. Slater ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... will lose $30 million when it transfers 370,000 low-balance super accounts to the ATO. Part of the Protecting Your Super Bill includes banning exit fees, and capping administration and investment fees to 3% of account balances with less than $6000. In ...
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