Littleproud says new super tax rules will hit “mum and dad” businesses. Is he right?
Raising the tax rate on superannuation balances above $3 million will affect "many mum-and-dad businesses" which hoped to sell up for retirement, National Party leader David Littleproud says, as accountants warn of significant tax implications for successful entrepreneurs nearing the end of their professional lives.
Australia-first as watchdog ASIC takes Mercer Super to court over greenwashing
ASIC alleged Mercer's sustainable superannuation products invested in no fewer than 15 fossil fuel companies including AGL Energy, BHP Group, Glencore, and Whitehaven Coal.
“Unnecessary overreach”: Accountants challenge rules which level extra tax on accountants, tradies who work on their own superannuation assets
Australia's top accounting groups are calling for urgent changes to the way regulators crack down on shady superannuation income.
Hiring for Christmas? Make sure you’re across the latest superannuation changes, the ATO says
Thinking of hiring staff to cover the Christmas rush? Make sure to pay your new employees their superannuation guarantee, no matter how few hours they work, the ATO says.
“Taxpayer-funded inheritance scheme”: Australia now has 32 SMSFs worth more than $100 million
Australia's wealthiest people are taking advantage of the superannuation system's favourable tax concessions.
Gig economy player Mable to boost superannuation options as Tony Burke lashes the entire sector
Care work platform Mable will "simplify" opt-in superannuation deductions for gig workers as the government readies its own reform agenda.
Why is Labor trying to wind back superannuation reforms, and what could be the outcome?
Assistant Treasurer Stephen Jones has asked the Treasury to consider concerns relating to the “regulatory complexity” of a requirement that super funds act in their members' best financial interests.
Eight out of 10 people in favour of the government paying super on parental leave: Survey
An overwhelming majority of people are supportive of the push to have superannuation paid on parental leave, according to a new survey from CPA Australia.
What is an ‘employee’? ATO aims to review superannuation guidance after landmark court ruling
The ATO is reassessing six guidelines on superannuation and employment after a High Court ruling found a worker contracted by a labour hire firm actually qualified as an employee.
Industry Super Australia CEO responds to Peter Strong’s lost superannuation claims
Industry Super Australia chief executive Bernie Dean has responded to Peter Strong's recent article about superannuation.
Peter Strong; Industry super fund greed has cost members $50 billion in retirement savings
Those who claim to represent workers did the opposite, and their members have lost billions because of their greed, says Peter Strong.
July 1 legal changes your business needs to know about
From an increase in the national minimum wage to a change in the monthly superannuation threshold, the start of financial year 2022-23 will bring with it a raft of legislative changes that affect SMEs.
