Super reform finds approval with Opposition

The Federal Opposition last week decided it would retain some of the Gillard government’s superannuation reforms if they become law. Coalition workplace relations spokesman Eric Abetz yesterday said if legislation to lift the super guarantee from 9 percent to 12 percent is passed, ‘our view is that it should be retained.’ The Australian Prudential Regulation Authority said employers last year contributed around $72 billion in super.

John Brogden, chief executive of the Financial Services Council, and David Whiteley, chief executive of the Industry Super Network, welcomed the Coalition decision. Both Opposition Leader Tony Abbott and treasury spokesman Joe Hockey have previously indicated support for increasing the super guarantee.

7 November 2011, David Crowe, Australian Financial Review

Advertisements

About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in Super Law & Compliance. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s