The incumbent government's Super Home Buyer Scheme, seen as a play for voters, is being cricitised by the superannuation industry.
May 19, 2022APRA is considering rules that could limit super fund spending on advertising and memberships, as well as changes to the prudential standard on investment governance.
May 20, 2021Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.
October 9, 2020Industry Super Australia estimates that 480,000 Australians have wiped out their superannuation savings through the government’s early release scheme.
July 6, 2020The ATO is using income tax returns and other data to ascertain whether applicants are in fact eligible. Those making false statements to meet the eligibility criteria will face penalties.
June 22, 2020The review has sparked concerns about whether superannuation could be made voluntary, amid guarantee increases until 2025 that may end up squeezing workers' wages.
October 2, 2019The bill will provide amnesty to employers who have underpaid superannuation up to 27 years ago, if they disclose their failures within two years and repay the full amount.
September 19, 2019