Super Choice

Bill to expand super choice passes Parliament, with new start date

Legislation to allow more workers to choose their superannuation fund – in the future – has passed the Parliament. The Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 passed the Parliament on Tuesday, with amendments. Currently not all employees can choose which superannuation fund receives their employer contributions. Choice of super fund can be …

Bill to expand super choice passes Parliament, with new start date Read More »

Labor may support super choice expansion, despite union opposition

Labor may be more open to expanding super choice rules than unions and industry super funds. There is currently a Bill before Parliament – the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 – which would expand the number of employees who can choose which super fund receives their employer super contributions. A Senate …

Labor may support super choice expansion, despite union opposition Read More »

Expansion of employee super choice Bill returns to Parliament

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 employers covered by a new …

Expansion of employee super choice Bill returns to Parliament Read More »

Super choice and salary sacrifice Bill scheduled again for debate in Senate

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. The Bill would expand choice …

Super choice and salary sacrifice Bill scheduled again for debate in Senate Read More »

Easier for employers to “steal” super under choice changes: ACTU

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 this will increase with the …

Easier for employers to “steal” super under choice changes: ACTU Read More »

Labor may yet support expansion of super fund choice

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 the Treasury Laws Amendment (Improving …

Labor may yet support expansion of super fund choice Read More »

Choice of super fund a “fundamental right” of all employees: SMSFA

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 of super fund. Currently employers …

Choice of super fund a “fundamental right” of all employees: SMSFA Read More »

Super choice expansion & closing salary sacrifice loophole Bill introduced

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 Senate before the House of …

Super choice expansion & closing salary sacrifice loophole Bill introduced Read More »

Government has “every intention” of passing super choice reforms

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 control their own destiny”. “And, …

Government has “every intention” of passing super choice reforms Read More »

Super fund choice and disclosure Bills put before Parliament

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 of super fund The Superannuation …

Super fund choice and disclosure Bills put before Parliament Read More »