#Time2Enshrine campaign calling for legislative objectives for super

SuperConcepts has launched a new campaign – #Time2Enshrine – in support of putting objectives for the superannuation system in legislation. “Throughout this month we are encouraging people to join the conversation about what purpose they think our superannuation system should serve, and tagging comments and posts with #Time2Enshrine,” said SuperConcepts CEO Lara Bourguignon. Setting objectives… Continue reading #Time2Enshrine campaign calling for legislative objectives for super

Superannuation Bills largely stalled in Senate ahead of winter break

With Parliament having risen for the long winter break many of the Government’s superannuation Bills remain stalled in the Senate, with some not even being debated yet in 2018 ASIC fee-for-service Bills The Bills to change ASIC towards a fee-for-service model have passed the Parliament. In part the Bills will lead to increases in the… Continue reading Superannuation Bills largely stalled in Senate ahead of winter break

Superannuation Bills start Parliamentary year stalled

Much of the Government’s superannuation agenda starts the Parliamentary year stalled in the Senate. The Government currently has five superannuation Bills before the Parliament. The Government gave three of the four Bills in the Senate priority for debate in the final sitting week of 2017, only to delay when it became clear they didn’t have… Continue reading Superannuation Bills start Parliamentary year stalled

All Government super Bills set for debate today, except objective of super

All the Government’s superannuation Bills are set for debate in the Senate today, except for the Bill setting the objective for super. Update, Tuesday evening: The Senate didn’t debate the superannuation Bills today, only reaching the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 – the first Bill on the notice paper. The superannuation changes may be… Continue reading All Government super Bills set for debate today, except objective of super

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 currently before the Senate, but… Continue reading Little movement on Government’s superannuation agenda so far in 2017

Senate recommended to pass super objective Bill, reporting in IGR

The majority of a Senate committee inquiry into the Superannuation (Objective) Bill 2016 has recommended its passage, though with reporting as part of the Intergenerational Report. Much of the debate over the Bill had been on the wording of the objective. The committee found there was no consensus on alternative wordings and so is sticking… Continue reading Senate recommended to pass super objective Bill, reporting in IGR

Super objective Bill shouldn’t be delayed to serve “vested interests”: Grattan Institute

The superannuation objective Bill should not be delayed to “serve the vested interests” of the superannuation industry, Grattan Institute CEO John Daley has told a Senate committee. Mr Daley told the committee, which is conducting an inquiry into the Superannuation (Objective) Bill 2016, that the Bill should be passed as drafted. The Grattan Insitute is… Continue reading Super objective Bill shouldn’t be delayed to serve “vested interests”: Grattan Institute

Essential to include ‘adequacy’ in objective for superannuation

It is essential to include the concept of adequacy in the legislative objective for superannuation, says the SMSF Association. A Bill to set in legislation an objective for superannuation is currently before the Parliament, the Superannuation (Objective) Bill 2016. However opinion on the objective are divided, with the superannuation industry calling for the objective to… Continue reading Essential to include ‘adequacy’ in objective for superannuation

Objective for superannuation shouldn’t include adequacy: Grattan Institute

The Grattan Institute agrees with the Government that the legislative objective for superannuation shouldn’t include adequacy or the need for a ‘comfortable’ retirement. The Government is close to setting an objective for superannuation in legislation, following from a recommendation of the Financial System Inquiry. The Bill before Parliament, the Superannuation (Objective) Bill 2016, is currently the subject… Continue reading Objective for superannuation shouldn’t include adequacy: Grattan Institute

Government’s proposed superannuation objective is “fatally flawed”

The Government’s proposed legislative objective for superannuation is “fatally flawed”, according to Industry Super Australia. In a submission to the Senate Committee inquiry into the Superannuation (Objective) Bill 2016, Industry Super Australia says that setting an objective as a means to evaluate policy proposals is sound but the objective in the Bill is flawed. “Among… Continue reading Government’s proposed superannuation objective is “fatally flawed”