STP extended to small employers from 1 July 2019

Legislation to extend Single Touch Payroll (STP) to smaller employers, from 1 July 2019, has passed the Parliament. Single Touch Payroll is a new system for employers to report payroll and superannuation information. Previously only larger employers (20 or more employees) had to use STP, from 1 July 2018. But legislation has now passed the… Continue reading STP extended to small employers from 1 July 2019

Employers could be sent to jail for not paying superannuation

Employers who don’t pay Superannuation Guarantee could be sent to jail under changes to the law in a Bill passed through the Parliament. The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 has passed both houses of Parliament and awaits Royal Assent. It allows for the ATO to direct employers to pay Super Guarantee,… Continue reading Employers could be sent to jail for not paying superannuation

Government only schedules one of six superannuation Bills for debate

The Government has only listed one of its superannuation Bills for debate in the Senate, with only 5 Senate sitting days until an expected May election. Despite Ministers repeatedly calling on the Labor party to support the Government’s superannuation legislation, only one superannuation Bill is listed on the Draft Legislation Programme for the Senate for… Continue reading Government only schedules one of six superannuation Bills for debate

Industry Super calls for Protecting Your Super Bill to pass

Industry Super Australia has called on the Parliament to “finally” pass measures aimed at protecting worker’s superannuation. The Parliament may this week debate the Government’s ‘Protecting Your Super’ Bill. The Bill contains measures announced in the 2018/19 Budget, including capping fees for low-balance accounts, consolidating more superannuation with the ATO and making insurance in super… Continue reading Industry Super calls for Protecting Your Super Bill to pass

Government fails to advance its superannuation legislation in 2018

The Government has failed to substantially advance its superannuation legislation in 2018, potentially creating issues with the start dates for measures. With Parliament now adjourned for 2018, the Government’s superannuation agenda is largely where it started the year – stalled before the Senate. The Government did pass some superannuation-related legislation – it changed the rules… Continue reading Government fails to advance its superannuation legislation in 2018

Three superannuation Bills up for debate in last sitting week of 2018

The Government, may, put three of its superannuation Bills up for debate in the Senate this week – the last sitting week for 2018. But it might not have the votes to pass the Bills, and is running out of time before some of the measures are meant to be in place. Update: The Senate… Continue reading Three superannuation Bills up for debate in last sitting week of 2018

Government narrows focus to three superannuation Bills

The Government has narrowed its focus to three superannuation Bills for this sitting week – the second last for 2018. In the Senate-only sitting week earlier in November the Government put six superannuation Bills on the Programme for the Senate. However none reached a vote. The Government has seemingly narrowed its focus to only three… Continue reading Government narrows focus to three superannuation Bills

Government fails to get any of its superannuation legislation to a vote

The Government has failed to get a vote on any of its superannuation legislation this week. Ahead of this week of Senate sittings the Government had put six of its superannuation Bills on the programme. By the start of the week the Government was talking about passing four of the Bills. On Wednesday Assistant Treasurer… Continue reading Government fails to get any of its superannuation legislation to a vote

Government to move amendments to superannuation Bills in Senate

The Government will propose amendments to its own superannuation legislation, as it tries to get some of the measures through the Senate this week. The Government planned to have the Senate debate as many as six of its superannuation Bills this week. Though none of the Bills came up for debate on Monday or Tuesday.… Continue reading Government to move amendments to superannuation Bills in Senate