The Government has reintroduced legislation to Parliament to expand super choice to more employees, allowing them to choose which super fund receives their employer contributions. The Government has introduced the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 to the House of Representatives. The Bill would, if passed, let… Read More »Expansion of employee super choice Bill returns to Parliament
The Government has put its Bill to expand super choice and close a salary sacrifice ‘loophole’ up for debate in the Senate in Budget week. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 2) Bill 2017 is scheduled for debate in the Senate on Thursday.… Read More »Super choice and salary sacrifice Bill scheduled again for debate in Senate
The government’s planned changes to expand choice of super fund to employees under workplace agreements will make it easier for employers to “steal” workers’ superannuation, says the Australian Council of Trade Unions. The ACTU points to recent research indicating $5.6 billion in super is unpaid each year, and warns “that… Read More »Easier for employers to “steal” super under choice changes: ACTU
Labor will oppose the Government’s superannuation governance and reporting changes, but may yet support an expansion of super fund choice to more employees. Labor says it will oppose two of the Government’s superannuation Bills, but may support a third if it is amended. The House of Representatives on Monday passed… Read More »Labor may yet support expansion of super fund choice
It is a fundamental right of all employees to choose their own super fund, and it should be an integral part of the superannuation system, the SMSF Association has told a Senate committee. The Senate Committee on Economics has been conducting an inquiry into a Bill which would expand choice… Read More »Choice of super fund a “fundamental right” of all employees: SMSFA
The Government has introduced legislation to expand choice of super fund for employees and close a superannuation salary sacrifice ‘loophole’. These changes are contained in the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 2) Bill 2017. Meanwhile several superannuation Bills have been introduced to the… Read More »Super choice expansion & closing salary sacrifice loophole Bill introduced
The Government has every intention of passing reforms to choice of superannuation fund, Minister O’Dwyer has told the SMSF Association National Conference. Minister for Revenue and Financial Services, Kelly O’Dwyer, told the conference she couldn’t agree more the the belief of the Association that “every Australian has the right to… Read More »Government has “every intention” of passing super choice reforms
The Government has introduced three superannuation-related Bills to the House of Representatives just before the Parliament rises for the long break ahead of the Budget. These Bills include expanding choice of super fund, changes to the disclosure requirements on large super funds and the Statutory Remedial Power for the ATO. Expanding choice… Read More »Super fund choice and disclosure Bills put before Parliament
The Australian Institute of Superannuation Trustees (AIST) has recommended the Government continue to allow exemptions from super choice for some employment agreements.
The SMSF Association (SMSFA) says it has “put its weight” behind Government proposals to expand employee choice of superannuation funds, saying it will increase member engagement and improve efficiency and competition in the super system.