Superannuation Archives - SmartCompany

ATO to receive $187 million to combat tax and superannuation fraud

Eloise Keating — Tue, 14 May 2024 09:49:17 +0000

The Australian Taxation Office has been given $187 million in new funding to bolster its defences against tax and superannuation fraud.

The post ATO to receive $187 million to combat tax and superannuation fraud appeared first on SmartCompany.

‘Just hang up’: ASIC advises Aussies as cold callers drain super balances

William Ton — Mon, 06 May 2024 23:39:46 +0000

Working Australians are being targeted and pressured into switching from their superannuation products by cold callers, thereby risking their retirement savings.

The post ‘Just hang up’: ASIC advises Aussies as cold callers drain super balances appeared first on SmartCompany.

“Serious consequences”: ATO sounds warning on early super access as cost of living pressures bite

David Adams — Tue, 16 Apr 2024 02:18:47 +0000

As cost of living pressures push Australians to make tough financial decisions, the tax office has issued a new fact sheet reminding superannuation fund members -- and self-managed super fund (SMSF) trustees -- that unauthorised early access to super is illegal.

The post “Serious consequences”: ATO sounds warning on early super access as cost of living pressures bite appeared first on SmartCompany.

Ben Thompson: Employment Hero tried negotiating with Hostplus before public super feud

David Adams — Wed, 13 Mar 2024 06:02:51 +0000

Employment Hero CEO Ben Thompson says he tried to negotiate with superannuation giant Hostplus for months before making their feud public.

The post Ben Thompson: Employment Hero tried negotiating with Hostplus before public super feud appeared first on SmartCompany.

Employment Hero CEO levels up Hostplus feud, as VC backer Airtree searches for middle ground

David Adams — Wed, 13 Mar 2024 01:33:01 +0000

Employment Hero CEO Ben Thompson has escalated his public feud with superannuation fund Hostplus, claiming it called his behaviour "erratic and unlawful" in a letter sent to venture capital backer Airtree.

The post Employment Hero CEO levels up Hostplus feud, as VC backer Airtree searches for middle ground appeared first on SmartCompany.

Super payments on paid parental leave set to become a reality under ‘historic reforms’

Madeline Hislop — Wed, 06 Mar 2024 23:57:53 +0000

Eligible parents with a baby born or adopted on, or after, 1 July 2025 will receive 12% of the parental leave payment as a superannuation equivalent payment to their super fund.

The post Super payments on paid parental leave set to become a reality under ‘historic reforms’ appeared first on SmartCompany.

GST reviews to work deductions: Five takeaways for SMEs from ATO commissioner’s final speech

David Adams — Thu, 22 Feb 2024 04:54:18 +0000

The entire 70-minute address is available for viewing online, but SmartCompany has highlighted five of the key points for small businesses.

The post GST reviews to work deductions: Five takeaways for SMEs from ATO commissioner’s final speech appeared first on SmartCompany.

Why the acquisition of all-women founded Verve Super is a story worth telling

Angela Priestley — Thu, 30 Nov 2023 22:21:43 +0000

Co-founder Christina Hobbs shared news of the acquisition on LinkedIn, five years after launching the first superannuation fund to be led by women and tailored for women.

The post Why the acquisition of all-women founded Verve Super is a story worth telling appeared first on SmartCompany.

A major minimum wage hike and impending super increase will hammer small businesses, industry representatives fear

David Adams — Mon, 15 May 2023 01:42:25 +0000

The federal government has maintained its call for the national minimum wage to move in line with inflation, heralding the possibility of significant back-to-back increases flowing through to small business employers.

The post A major minimum wage hike and impending super increase will hammer small businesses, industry representatives fear appeared first on SmartCompany.

Future Super pays $13,000 ASIC fine over Facebook post that ‘overstated’ its green impact

Eloise Keating — Wed, 03 May 2023 01:01:08 +0000

Sustainability focused superannuation fund Future Super has become the latest Australian company to be handed a fine by the corporate regulator for so-called 'greenwashing'.

The post Future Super pays $13,000 ASIC fine over Facebook post that ‘overstated’ its green impact appeared first on SmartCompany.