Tag: Super

Insolvency specialists are warning that Payday Super won’t create new business failures, but it will bring them forward. 

Payday Super could cost small businesses far more than the government’s $151 estimate, according to COSBOA. The peak body wants cost support and fairer penalties before rollout.

Parliament introduces payday super legislation as new data reveals one-third of SMBs need to build cash reserves to stay solvent.

Survey shows 65% of businesses expect moderate to huge operational impact from Payday Super, while 15% remain completely unaware. Read on.

The federal government’s new super plan, detailed in Friday’s draft, demands payments within seven days of payday by mid-2026, with hefty penalties for delays.

The SMSF annual return deadline is here! Self-lodgers must lodge by February 28 to avoid penalties, while tax agent clients have until May.

With the SG rate set to rise to 12% by July 2025, companies must account for additional contributions during parental leave periods

Super funds that invest in line with ethical principles have outperformed those that don’t, according to a new report. The Responsible Investment Association Australasia said 13 funds it rated as leaders in screening for environmental, social and governance factors outperformed 41 others over five-, three- and one-year time frames. Those 13 funds had an average one-year […]

NAB faces potential class action proceedings over excess superannuation fees levied by its wealth arm. William Roberts Lawyers is inviting MLC Super fund customers to sign up to the no-win, no-fee action, which is backed by litigation funder IMF Bentham and will seek compensation plus interest for the excess fees. The action will allege that, […]

Every few months sees a major employee underpayment scandal – companies announcing that they have made payroll errors that have impacted thousands of employees – go public. Examples are the $43 million error by Rebel Sport this year, the $2 million error by Lush Cosmetics last year, the $1 million in underpayments by Maurice Blackburn […]