Super Bill News Today

What would Republicans prioritize if given power? Kevin McCarthy offered a peek at his party's "No. 1 bill," and it was unintentionally amusing.

Dashawn BillBill Johnson has written four books.

July 1, 2021 It’s official. The end of financial year has arrived and while small businesses are busy getting their tax affairs in order, they should also take note of the legal changes set to occur at the start of the new fiscal year. From a cut to the small and medium business tax rate and increase in the national minimum wage, there are a range of legislative updates affecting small businesses that kick in today. Here’s a quick guide to key legal changes your business needs to know abou...

Self-managed superannuation funds will be allowed to have up to six members and the SMSF Association has welcomed this change as it will provide additional flexibility and choice in the super system.

Labor will challenge the move in the Your Future, Your Super Bill mandating that employees should be stapled to underperforming funds when it comes to its third reading.

A Labor MP has encouraged Coalition MPs to fight their proposed superannuation reforms, which would give the Treasurer new powers to block funds’ investment decisions, as crossbench support for the legislation dwindles.

Cbus said the exception that was introduced on 1 April, 2020 allowed workers under 25 years old in dangerous jobs to automatically keep their insurance entitlement. Since the exception had been introduced to 31 March, 2021, 115,800 building and construction workers had obtained or retained their insurance and a total of $7,256,200 (58 claims) had been paid who would not have otherwise been eligible without the exception. “Many funds’ policies – including those funds that workers are most ...

Super reforms expose 2.7m high-risk workers: Cbus 21 April 2021 The construction industry superannuation fund has expressed concern that the government’s proposed reforms to the sector could deteriorate insurance cover for workers in dangerous occupations. Cbus has raised fears around the government’s proposed account stapling change, one of the draft Your Future, Your Super reforms, which would see employees tied to one super fund that follows them throughout their ...

Senate Economics Legislation Committee Inquiry Into The ‘Your Future, Your Super’ Bill: Opening Statement - Opening Statement By ASIC Chair James Shipton At The Senate Economics Legislation Committee Inquiry Into The Treasury Laws Amendment (Your Your Future, Your Super) Bill 2021, 7 April 2021, Parliament House, Canberra Senate Economics Legislation Committee Inquiry Into The ‘Your Future, Your Super’ Bill: Opening Statement - Opening Statement By ASIC Chair James Shipton A...

New super laws need sensible changes to rid the system of underperformers and ensure the disgraceful conduct unearthed by the Royal Commission does not...