Super choice "costly, complex and unsafe": Labor

clock

AUSTRALIA - The Australian Labor party has denounced the government's final regulations for superannuation choice as "costly, complex and unsafe" and called for an exemption for small business from the legislation.

Shadow minister for finance and superannuation, senator Nick Sherry, said the legislation, including the standard choice form for the implementation of choice of super fund on July 1, created a “ma...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

clock 02 November 2011 •

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

clock 28 October 2011 •

Australian super falls for the fifth month

AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.

clock 21 October 2011 •
Trustpilot