Tag: Super Fund

Comments made by the incoming chair of Australian Securities and Investment Commission (ASIC) indicating financial institutions have forgotten whose money they are investing should prompt Federal Government to rethink its super fund governance reforms, argues the Industry Super Australia (ISA). This week, Financial Services Minister Kelly O’Dwyer recommended that James Shipton, a former Goldman Sachs […]

In the last of our three-part series covering the upcoming superannuation legislation changes, we cover the new MySuper default fund and the new director’s responsibilities.

According to the Tax Institute’s Robert Jeremenko, it’s in every business owners interests to stay up to speed on superannuation changes.

“Many people consider contributing greater amounts into superannuation before the end of the financial year to get the most out of their savings. If you do, it is crucial to make sure you don’t exceed the contributions caps under any circumstances.”

Members of superannuation funds can breath a sigh of relief, with financial year returns back in the black for the first time in three years.