Super

Government tipped to explore further super tax changes: Generation Life

The government will likely look at further superannuation policy changes shortly despite the challenges it has faced...

23 December 2024 • By Miranda Brownlee

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Super

Motion to split controversial super bill could work in sector’s favour

A motion to split the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill...

05 December 2024 • By Keeli Cambourne

Business

Super objective for retirement income finally ‘locked in’, says SMC

The peak super body has welcomed parliament's move to pass the Superannuation Objective Bill.

02 December 2024 • By Imogen Wilson

Super

$3m super tax officially abandoned for this year

The government’s plan to increase the tax on superannuation balances over $3 million has officially been abandoned, at...

29 November 2024 • By Miranda Brownlee

Super

$3m super tax cast into limbo as parliamentary support crumbles

Flaws in Labor’s plan and resistance from crossbench MPs could prevent the Division 296 tax bill from ever becoming...

27 November 2024 • By Christine Chen

Super

ATO primes funds, businesses for payday super rollout

Governance and error handling processes will need to be overhauled to ensure super is paid at the same time as salary...

22 November 2024 • By Christine Chen

Super

Government makes move to bolster retirement phase of super

The government announced it has committed to improving the retirement phase of the super system for all Australians...

22 November 2024 • By Imogen Wilson

Tax

Julie Collins rejects liquidity concerns relating to super changes, family farms

The Minister says super funds should already have sufficient liquidity to meet existing or prospective liabilities in...

21 November 2024 • By Keeli Cambourne

Super

Tax Office issues 8,710 DPNs over unpaid super in 2023–24

The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in...

20 November 2024 • By Miranda Brownlee

Super

18-year-olds’ exclusion from super is outdated, says SMC

The peak super body has called for the abolition of the exclusion of under-18 Australian workers from superannuation...

13 November 2024 • By Imogen Wilson

Super

ACT unpaid super elevates push for payday super reform

Workers in the ACT have missed out on a total of $80 million in superannuation with almost one in five workers being...

12 November 2024 • By Imogen Wilson

Tax

Government’s super tax reforms ‘modestly’ reduce tax concessions: Assistant...

Assistant Treasurer Stephen Jones has said it is a fairer outcome if the government “modestly” reduces tax concessions...

31 October 2024 • By Keeli Cambourne

Super

Regulation of clearing houses missing in payday super design, warns BDO

The proposed design of payday super will see businesses hit with super guarantee charges due to factors entirely...

14 October 2024 • By Miranda Brownlee

Super

SMSFA urges Senate to reject super tax legislation

The SMSF Association is urging the Senate to reject legislation that will inflict a higher tax rate on the earnings of...

11 October 2024 • By Miranda Brownlee

Super

Report reveals essential contribution of superannuation

Only one-third of Australians believe they would be able to save for their retirement without compulsory...

07 October 2024 • By Imogen Wilson

Business

Plumbing business wins appeal in super guarantee charge case

The Administrative Appeals Tribunal has overturned a previous decision by the ATO which found the worker was an...

03 October 2024 • By Miranda Brownlee

Tax

Taxpayers must apply unused super caps, AAT rules

The tribunal has rejected a taxpayer’s argument that he could choose when to carry forward his unused concessional...

25 September 2024 • By Christine Chen

Super

WA woman faces jail time for illegal early release scheme

A Western Australian woman has been sentenced to three years in prison for submitting fraudulent applications to...

24 September 2024 • By Imogen Wilson