28,03,25 | Superannuation
Co-opting superannuation savings to fund housing deposits would drain retirement funds and supercharge an already heated housing market, according to new research. House prices would rise between 7.4 and 10.3 per cent and add $260 per fortnight to mortgages on...
25,03,25 | Superannuation
Payday super laws, to take effect next year, will require employers to pay superannuation at the same time as wages. Draft legislation released last month affirmed plans to crackdown on unpaid super, which costs one in four workers a total of $5.1 billion per year. ...
24,02,25 | Equity, Superannuation
Menopause is forcing thousands of Australian women out of the workforce early, leaving a devastating indent in their superannuation balances. One in seven (7) Australian women face a superannuation penalty as they transition out of the workforce due to menopause,...
22,01,25 | Superannuation
Key Coalition MPs want to slash minimum superannuation from 12% to just 9% if returned to federal government. The average 30-year-old worker would lose $165,000 in retirement under the plan spruiked by Alex Antic, Matt Canavan and Llew O’Brien, according to modelling...
29,11,24 | Superannuation, Workers' rights
The true purpose of superannuation has been safeguarded, following the passage of the Superannuation (Objective) Bill 2023 through the Senate yesterday. The move protects workers’ retirements by confirming superannuation is a workplace right, preserved until...
21,10,24 | Superannuation
Shadow Treasurer Angus Taylor wants to Americanise Australia’s superannuation system. Taylor stated the Coalition’s ambitions include “aligning superannuation with other global retirement schemes like [America’s] 401k” during a recent speech at the University of...
02,10,24 | Superannuation
Employers who fail to pay super within seven days of paying wages will face tough penalties under proposed laws. The federal government has previously announced payday super reforms to take effect in 2026, requiring employers to pay superannuation payments at the...
09,09,24 | Superannuation
Millions of workers in Australia are still being denied their full super entitlements despite superannuation contributions having been legally mandated for over 30 years. IEUA Federal Secretary Brad Hayes said members of our union are among those being shortchanged....
15,05,23 | Superannuation
The Federal Government has announced that employers will pay superannuation on the same day as wages, a move welcomed by our union. IEU Assistant Secretary Nicole Kapernick said mandating for super to be paid with wages will allow workers to more easily detect when...
09,03,21 | Beginning Educators (BEnet), Superannuation
Superannuation is often something workers don’t consider until later in their working lives. But having a good understanding of your super entitlements can make a big difference. Here’s a quick rundown on what you need to know about super. What is super? Super...
