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Showing 1 - 10 of 19 results for "compulsory Superannuation Guarantee"

Senate report backs removal 30-hour work threshold for SG

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... applies to under 18 workers. Under current rules, employees under 18 are only entitled to compulsory Superannuation Guarantee contributions if they work more than 30 hours a week for an employer. Rest general manager of public policy and advocacy Enrico ...

Super on paid parental leave to reduce gender gap: ASFA

ANDREW MCKEAN  |  MONDAY, 30 JUN 2025
... said. "Coupled with the long-awaited introduction of super on paid parental leave, raising the compulsory superannuation guarantee rate to 12% makes a meaningful contribution to superannuation fulfilling its objective of providing a dignified retirement ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... super contributions a year. Under current legislation, workers under the age of 18 are denied compulsory Superannuation Guarantee payments unless they work more than 30 hours a week. They are missing out on an average of $730 each in super contributions ...

Rest calls for removal of minimum work hours for super

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
... of how many hours they work. Currently, workers under the age of 18 are only eligible for compulsory Superannuation Guarantee payments from their employer if they work more than 30 hours per week, although some employers already voluntarily pay this. ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' 17.4% contribution ratio has risen from 15.8% in 2018 but remains lower than the ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... contributed into their superannuation accounts through the year, six-times the amount of all the compulsory Superannuation Guarantee contributions or 17-times what was paid in fees." Cbus highlighted this week that its MySuper financial year returns ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... operating costs. "Worst of all, it would do these two things whilst continuing to collect compulsory superannuation guarantee contributions. It seems this new entity is now in operation solely for the benefit of related parties," Bragg wrote.

Half of Australian households will be retire ready

EMMA RAPAPORT  |  TUESDAY, 7 FEB 2017
... but will have reduced retire-readiness as they have not received the long term benefits of compulsory Superannuation Guarantee contributions. When the Age Pension is removed from the equation, the number of households that can afford a comfortable retirement ...
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