Single default accounts
On or after 1 July 2021, in the absence of a new employee
choosing a superannuation fund, an employer must determine whether
that new employee has a stapled fund and, if a stapled
fund exists, contributions should be paid into that stapled fund
instead of paying into the employer s chosen default
superannuation fund.
Underperformance in superannuation
The Bill proposes a new Annual Performance Assessment ,
requiring APRA to action annual performance tests each year for
MySuper products and other products set out by the yet to be
drafted regulations. Under the rules, if a fund fails the annual
performance assessment, the trustee must notify all members and if
David Leyonhjelm to pay Sarah Hanson-Young $120,000 after losing appeal bid sbs.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbs.com.au Daily Mail and Mail on Sunday newspapers.
Frydenberg fires the starting gun in the hunt for ASICâs next leader
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Prospective ASIC chiefs breathed a sigh of relief when they turned to page 6 of Fridayâs
The
Australian Financial Review and their eyes alighted on the long-awaited proclamation that âThe Government is seeking applications for the role of the Chair, Australian Securities and Investments Commission (ASIC).â
But for prospective candidates â as well as for the rest of us who are not throwing our hat into the ring â the ASIC job ad raises a couple of big questions.
Treasurer Josh Frydenberg has set himself the difficult challenge of attracting a high-calibre new ASIC chair.Â
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Former Prime Minister Tony Abbott and Deputy Prime Minister Michael McCormack both wrote to the Immigration Minister concerning the Tamil family from Biloela, a Federal Court judgment has revealed.
Last week, the Full Federal Court upheld its earlier decision that QLD-born Tharnicaa, the youngest member of the family, was denied âprocedural fairnessâ. A friend of the Tamil family has spoken out against a Full Federal Court decision to extend the family s detention on Christmas Island.
The latest judgment reveals Mr Abbott and Mr McCormack were among 18 Federal MPs and Senators whose letters to former Immigration Minister David Coleman were cited in an April 2019 Department of Home Affairs submission to the Minister.
February 17, 2021 9:06
Kimberly-Clark Australia has been ordered to pay $200,000 for misleading consumers by falsely representing that items sold were made in Australia.
The Federal Court found that Kleenex Cottonelle ‘flushable cleansing cloths’ were promoted on the brand’s website as made in Australia, when they were actually made in Germany, South Korea or the UK.
The false representations were made on the product website between 28 October 2015 and 24 February 2016, while the product packaging contained the correct information about where the wipes were made.
In June 2019, the Federal Court had found that Kimberly-Clark made false or misleading representations that the products were Australian made after Kimberly-Clark admitted this during the court case.