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Superannuation

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned.

Super fees are falling but only just

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
Fees paid by super fund members are falling but not because fund prices are falling, it's because of the dampening effect of self-managed super funds and higher balance members qualifying for discounts.

Politics around LISC heats up

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
The politics around superannuation tax expenditures looks set to heat up with Superannuation Minister Bill Shorten last week saying he will defend low income tax benefits and The Australia Institute saying the top end of town should be targeted instead.

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe.

More innovation needed on 'demand side' infra opps: ASFA

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
In the debate about alternatives to investment in transport infrastructure, the temptation is often to simply look at another road or rail project to address supply-side demand related to the congestion in Australia's capital cities.

AustSafe appoints head of investments

LINDA HAUSKEN  |  FRIDAY, 14 SEP 2012
Industry super fund, AustSafe Super has bolstered its investment capability with the appointment of Simon Mather as head of investments.

Medcraft calls for international super benchmarking

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Super funds should give members detailed information on where funds are being invested, and benchmark allocations against an international standard, ASIC chairman Greg Medcraft has said.

Greens propose scaled super contribs tax

ALEX DUNNIN  |  WEDNESDAY, 12 SEP 2012
The Australian Greens have proposed that rather than tax superannuation at a flat rate of 15%, it should be taxed on a sliding discounted scale based on a fund members' marginal tax rates.

No mandates lost over hybrid model: AustSuper

BEN COLLINS  |  TUESDAY, 11 SEP 2012
AustralianSuper today said that no mandates would be lost, as it moves to bring the management of 30% of its investments in house over the next five years.

Super concession cuts ignite SMSF debate

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
Reports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share.