Policy and Regulation
‘Unpaid super is still a blight’: ISA boss Dean
Recent legislation and the Hayne royal commission are just important first steps, Industry Super chief says.
Elizabeth FryFebruary 18, 2019
ISA
Opinion
BT fined over misleading super claims
BT Funds Management has paid a $20,400 fine to ASIC after it published two misleading claims for BT Super online. In one publication that was live from June 26 to September 18 2014, it claimed BT Super had outperformed industry super funds over five years. ASIC said it was concerned the public would perceive that […]
David RowleyJune 18, 2015
Policy and Regulation
What the industry told Hockey
Industry bodies have made public the key positions of their submissions to the Government’s Tax White Paper; commons themes include a lifetime cap on tax concessions, not change to the dividend imputation system, taking the whole system into account (alongside the Age Pension) and the cessation of tinkering as it is destroying confidence. The Treasurer […]
Dan PurvesJune 15, 2015
Policy and Regulation
ISA and FSC positively greet Grattan report, but for different reasons
A report from the Grattan Institute calling for a tender process to select default funds has been greeted positively by Industry Super Australia (ISA) and by the Financial Services Council (FSC), but for different reasons. The FSC saw it as vindication of its claims against the Fair Work Commission (FWC) selection process for default awards, which […]
Dan PurvesApril 20, 2015
Policy and Regulation
Budget: the five big changes for superannuation
“Building on the move by the former Government to increase the pension age eligibility to 67 by 2023, this Government will gradually increase the age of eligibility to 70 by 2035. That is over two decades away.” Joe Hockey, the Treasurer of Australia. The eligibility for the age pension will rise to age 70 […]
David RowleyMay 14, 2014
Investment Strategy
Murray review urged to offer care home tax break for super investors
Superannuation funds should be given short-term tax incentives to invest in social infrastructure, such as retirement homes to help meet a shortfall in the care needs of the baby boomers, a chief investment officer will propose to the Murray Review. David Bryant of Australian Unity believes the investment is ideally suited to superannuation funds due […]
David RowleyDecember 9, 2013