Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018

Last chance to keep insurance in super for people with inactive accounts

This is the last week for people with inactive super fund accounts to tell their funds that they wish to continue their insurance cover, several finance groups have warned. Financial Counselling Australia, the Consumer Action Law Center, and the Australian Institute of Superannuation Trustees, have warned that on 1 July… Read More »Last chance to keep insurance in super for people with inactive accounts

This time it’s Labor and the Greens standing in the way of cheaper super

Written by Brendan Coates, Fellow with the Grattan Institute. Parliament is failing workers with superannuation. And this time it’s Labor and the Greens who are doing it. The Coalition’s Protecting Your Super Package Bill was designed to cut the unnecessary costs in super, significantly boosting balances when workers retire. It was… Read More »This time it’s Labor and the Greens standing in the way of cheaper super

Diminished ‘Protecting Your Super’ Bill passes Parliament

The diminished ‘Protecting Your Super’ Bill has passed the Parliament. Last week the Government, in a deal with the Greens, stripped out the insurance changes from its Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018. The Bill, with other amendments, passed the Senate, and now the House has passed… Read More »Diminished ‘Protecting Your Super’ Bill passes Parliament

Government drops opt-in insurance from Protecting Your Super package

The Government has dropped the core part of its ‘Protecting Your Super’ package – changing insurance in superannuation for young people – to get the Bill through the Senate with the support of the Greens, despite Labor saying it supports the Bill. The Government’s Treasury Laws Amendment (Protecting Your Superannuation… Read More »Government drops opt-in insurance from Protecting Your Super package

Labor “cautiously supportive” of Protecting your Super Bill

A Senate committee has called for a Bill capping super fund fees and making insurance opt-out, for some members, and to transfer more inactive super accounts to the ATO, to be passed. Labor is “cautiously supportive” of the Bill, the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018. Labor seemingly… Read More »Labor “cautiously supportive” of Protecting your Super Bill

‘Protecting Your Super’ changes raise $1.75 billion for government

The Government has introduced a Bill to Parliament which it says will protect superannuation savings, but also raise a considerable amount of money for the Federal Budget. The Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 would cap fees for small account, make some insurance in super opt-in and… Read More »‘Protecting Your Super’ changes raise $1.75 billion for government