superannuation system

Superannuation

Legislation will see super ERFs head for the exit

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...

Superannuation

Pension taper rates, not super are the problem

The Government would be well-advised focusing on Age Pension taper rates rather than superannuation within its upcoming retirement incomes review, according to Australian...

Superannuation

Don’t use super to plug Govt policy gaps

The Federal Treasury has been told that the early release of superannuation should not be used to plug some of the Federal Government’s social welfare policy gaps....

Policy & Regulation

Mixed reaction to RC

Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....

Superannuation

Retail funds accused of ‘confusion marketing’

Industry Super Australia has told the Productivity Commission that some retail funds and self-managed superannuation fund promoters have pursued ‘confusion marketing stra...

Superannuation

ASFA warns of $1.6m cap impact on franking credits proposal

The Association of Superannuation Funds of Australia has warned that the Labor Party’s proposal to abolish refundable franking credits needs to take into account the bedd...

Superannuation

Budget super reforms to go before Senate

The Federal Senate will this week consider the controversial amendment to the Superannuation Industry (Supervision) Act first proposed by the then-Treasurer Scott Morriso...

Superannuation

ASFA claims Grattan attacking ordinary Australians

The Association of Superannuation Funds of Australia has joined the dissent against the Grattan Institute’s retirement report, labelling it “an unprecedented attack on th...

Superannuation

Govt signals death benefit changes

Assistant treasurer Stuart Robert has announced a plan to ensure that death benefits that include insurance proceeds are not subject to tax when rolled over to a new supe...

Superannuation

Should under 25s be treated differently on super?

The Productivity Commission has been told under 25s may be better off not going immediately into the superannuation system and instead be directed to a Government-run def...