The government’s recent attempts to curb unpaid superannuation will only help one out of 10 affected individuals, the Industry Super Australia lobby group has argued.
Industry Super Australia public affairs director Matt Linden stated that while progress is clearly being made, a tougher line of action is much needed.
“Every month that passes without a comprehensive solution to unpaid super, millions of Australians are being shortchanged on their retirement savings,” he said.
He also added that the ATO has not yet come to terms with the extent of the problem despite having the technology to easily identify potentially-underpaying taxpayers.
Cbus Super and Industry Super Australia released an exposé on the multibillion-dollar worker manipulation scheme last December 2016.
After Labor has secured a somewhat surprising landslide win in the federal election, the FSC CEO said this will now be a ...
Platform executives are pushing for more advice revenue to be invested in advice tech capabilities, labelling the ...
The licensee said around 80 per cent of eligible Brighter Super members have confirmed they will transition their advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin