Currently, when an employer hires a new staff member, they must provide the new employee with a Choice of Fund form (as well as the Tax File Number Declaration and the Fair Work Information Statement) to identify where they want their superannuation to be directed. If the employee does not identify a fund, the employer […]
New stapled superannuation – employer obligations for new staff Read More »
New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court. The recently enacted laws are designed to ensure that there is procedural and economic fairness in divorce
Divorce, Superannuation and the Gender Divide Read More »
A summary of the key 1 July 2021 changes and their implications. Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The
What changes on 1 July 2021? Read More »
