Parliament

Jail for Super Guarantee non-compliance still Government policy

Increasing penalties for Super Guarantee non-compliance appears to still be Government policy, after the recent leadership spill. The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 is listed in the Draft Legislation Programme for the Senate, released by the Department of Prime Minister and Cabinet, for debate on Wednesday.… Read More »Jail for Super Guarantee non-compliance still Government policy

It’s unclear which Minister is responsible for superannuation

It is unclear which Treasury Minister is responsible for superannuation, and broader financial services, after the recent reshuffle following from the leadership spill. Superannuation policy had largely been the province of Kelly O’Dwyer, in her role as Minister of Revenue and Financial Services. No one was given this title in… Read More »It’s unclear which Minister is responsible for superannuation

Parliament to inquire into why super funds not investing in agriculture

A Parliamentary committee is inquiring into barriers to superannuation funds investing in agriculture. Last week the Treasurer asked the House of Representatives Standing Committee on Agriculture and Water Resources to inquire into the issue. MP Rick Wilson, the Chair of the Committee, said Australian agriculture is in danger of being… Read More »Parliament to inquire into why super funds not investing in agriculture

O’Dwyer may face preselection challenge over superannuation policies

Kelly O’Dwyer, Minister for Revenue and Financial Services, may face a preselection challenge as retribution for the Coalition’s superannuation policy. Peta Credlin, formerly chief of staff to Tony Abbott when he was Prime Minister, is reportedly being encouraged to challenge O’Dwyer for the seat of Higgins. This is apparently motivated,… Read More »O’Dwyer may face preselection challenge over superannuation policies

Little movement on Government’s superannuation agenda so far in 2017

There has been little movement on the Government’s legislative superannuation agenda in the Autumn sitting of the Parliament. The Government has a number of superannuation policies which have yet to be legislated, but these were not given priority in the first Parliamentary sittings of 2017. The Superannuation (Objective) Bill 2016 is… Read More »Little movement on Government’s superannuation agenda so far in 2017

Parliament should press pause on superannuation legislation: SMSFOA

The SMSF Owners’ Alliance is calling on the Parliament to “pause” and give further consideration to proposed superannuation legislation. “The national Parliament is about to consider sweeping changes to superannuation that will affect many Australians,” said the SMSFOA. The consultation period for all three tranches of draft superannuation legislation from… Read More »Parliament should press pause on superannuation legislation: SMSFOA

Superannuation changes in 2016

Superannuation changes in 2016 have been dominated by the range of measures announced in the 2016/17 Federal Budget – though several of these changes to superannuation have been modified or abandoned. Below is a list of many of the changes to superannuation in 2016 and their current status.

In brief, many of the Government’s changes to superannuation announced in the 2016 Budget, some of which have subsequently changed, have passed the Parliament: Fair and Sustainable superannuation package passes Parliament.

Read More »Superannuation changes in 2016