Tag: Superannuation

“Super stapling” came into effect on 1 November 2021, so all Australian business owners need to understand their obligations.

Respondents from an MYOB survey estimate that changes to the super rules may take an extra 12.7 hours in compliance time every month for SMEs

Once convinced, the target will then transfer their superannuation to what they believe is a new fund, but is actually a bank account belonging to the scammer.

Putting lipstick on the proverbial pig is what we’re seeing with pseudo-SMSF. It can be detrimental to those who want to step into the world of SMSF and take control of their financial future.

Yesterday the prime minister Scott Morrison announced a second stimulus package of $66 billion to help the economy survive the impacts of the COVID-19 outbreak. The federal parliament could sit for just one day today to pass the government’s stimulus measures as quickly as possible, before members of parliaments reduce meetings for social distancing purposes. […]

In this Kickstart Monday article, Kent Kwan talks us through his one piece of business advice and his lessons regarding startups and the meaning of life – all of which has been inspired by his 9-year-old daughter. On a quiet evening just before bedtime, my nine-year-old daughter asked me out of the blue…why do we […]

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 […]

Today we have Single Touch Payroll expert, Jason Lucchese, on the podcast. Jason is a seasoned public servant with more than 19 years of experience executing large-scale government programs including the introduction of SuperStream and Single Touch Payroll. Currently ATO Assistant Commissioner and Single Touch Payroll Program Lead, Jason works closely with the employers, payroll […]

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 […]